While that is never taken literally by escrow, "each pay own" is more correct.

And I believe @Brandon Turner you can correct me but it was one of the QUICK TIPS!!!

'Pearl' was rehabbed completely by my uncle and me in a total of about 1 month (spread out over 3 months of weekends and some nights)Atlantic was the first project I hired contractors (a term to be used loosely for this project) so it was a learning experience and if not for my uncle and me, it wouldn't have come out correctly in the end as we had to hold their hands, and had a total of 3 crews in the end.

Cheaper to buy something next 5 years or so in this area.Current expense / income is correct.

Damon says normally if you look at it just on numbers you are correct BUT you are not asking me to just cut a check for XX percentage of the company.

The interest rate and term you used are correct.

Jared, I'm assuming you're referring to "co-mingling of funds," where you cannot use a self-directed IRA for the down payment and a traditional bank loan for the remainder, correct?

Hi again Wayne is correct about the lender lowing the loan balance (I wish)However the deed does not have to be transfered go to my blog here to see why...http://www.biggerpockets.com/blogs/4633/blog_posts/33239-creative-financing-in-a-nutshell-part-one#c_15713

Start with them they should get you to the correct area about purchasing the note.Make sure you do your due diligence on the value of the property prior to making an offer as I am sure there could be surprises of damage and maintenance on the house.

. . .1) a 60 year old house in dated but reasonably good condition is purchased for 75K2) the insurance agent's system determines that the correct replacement cost value for that square footage in that location is 190K3) it's insured for 190K, but with Actual Cash Value coverageWhat amount might be paid by the insurance company if it was a total loss shortly after it was purchased?