.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

Subsequently, we discovered multiple leaks in the roof, resulting in water damage, including mold growth in our closet.

For example, Clarksville, TN (outside of Fort Campbell military base) could be a great option.

So, again, we have to do their job and chase the seller for that info.So, based upon our 24+ years of experience with agents in these capacities, we're all for raising the bar!

based on my calculations, I've decided on term life, 20 years, 2 million.   

Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only. 

Hey even flipping we're good at.Ask your questions here, anything counts, in one place and I will give you a solid data-backed (NEVER opinion-based) answer.In case you don't know me, My name is MSOOTKAUG, and am quite damn good at generating actually motivated seller leads, ranking websites #1, Credibility, and Conversions and people usually have to fork over their first=born child to have me consulting them.

I was left with an excessive water bill ($10k) at my 4-unit property as they failed to fix a water leak, which I complained about once I noticed a spike in the water bill.

I would call it simply a strategy based on luck.