Eventually, they will overbuild and some will be left holding the bag and the entire market will adjust, but that hasn't happened...yet.

Loan gets adjusted every 5 years and will not be raised over 2%.

File Affidavit of Small estate.Give Sister Promissory Note for amount and terms that account for credit adjustments due to condition, normal costs if sold thru broker, and monthly oayments that still allow strong positive cash flow, even after paying ongoing maintenance expenses.Don't complicate it.

Essentially, the withdrawal is added to your Adjusted Gross Income for all tax purposes.If I were you, I'd go ahead and pull the $10,000 maximum out to put down on your first house.  

We sat down with them and laid out a timeline were we would increase the rent by $25 immediately and then adjust each quarter over the 18-months to recapture the rest.  

At a 10% cap rate (adjust to your market) those repairs should justify a combined rent increase of $10K/year, $833.33/month or $138.88 per unit per month.  

I talked to the Innova Eco company as well as an independent engineer, and it was confirmed that for slight slab unevenness adjustments can be made at the bottom tracks.

I submitted it and the member asked if I make one slight adjustment.  

@Bryan Sinegal - an appraiser will make value adjustments based on comps.  

The loan is amortized over 20 years with 5 year terms for rate adjustment.