Some have lines of credit and strong balance sheets.

They also only have an average balance of just a few hundred dollars in their savings account, so there is not much to fall back on in case something goes south with the business or otherwise.Would you consider the self-employment portion of their income even though the business is new?

[no different than the phone company or power company billing].Unfortunately I have tenants that have in the past been allowed to pay rent late, carrying balances with not late charge.Since taking over I have given all the tenants 30 days notice that the late charge stated on the rental agreement will start being enforced and payment must be made on time.My question to you is how do I evict a tenant from 650 miles away.

One last slightly off topic question but related to the site: what about posting 3 or 4 success stories such as "seller was in foreclosure, we came to the rescue, paid their full balance AND put cash in their pocket for moving expenses and post a pic of that property?

At the end of the quarter she had a balance of $30,750.00.

We determined we will save almost 200 dollars per month but will extend the current 27 year loan back to 30 years and add 70k to the balance Throughout the process.

Plus it's paying down the loan balance.

The credit column will be the opening balance of the portfolio loan.

SO if you still have a balance at the end of year one, you have to pay interest on that amount for year 2.So year, you woudl owe $11000 if it is fully paid off at the end of year one. but more if it drags on for more years.  

Any lawyer that starts poking around will see that there is a HELOC and it is not a free and clear property ... they would need to dig much further in order to determine the amount owed on the HELOC, even if the balance is zero.