The buyer and seller agree to the terms of a promissory note that details terms like the loan amount, interest rate and amortization schedule.

And while, generally speaking, there is not much practical gap between 27.5 and 39-yr depreciation schedules for a small property, the distinction is nevertheless significant due to the special rules afforded to non-residential properties, such as expensing of roofs and HVAC.Yes, there's this concept that the property's character is determined at the building level.

My team will be at the NMHC conference next month in Las Vegas, and it would be great to connect with folks in person.If you plan to attend, reach out and let's schedule a time to meetup!

Let me know if you'd like to schedule a call or meet somewhere.

Some lenders will allow the lease to be used even if rent schedule turns out lower if the tenants have been in the house for at least 3 months.  

They schedule webinars so people can learn to use the calculators.

Thank you so much Don't waste time writing notes sticking them everywhere so you don't forget.If your why's are as haunting as mine you are not going to forget even if you tried.There is a HUGE leap between getting motivated/inspired, ... and "if I don't step up, my life now will become the inevitable unchanging reality" (think of the voice of agent Smith from the matrix).Many people are like neo oblivious to life's routine..Consider this..You wake up at 6 amYou brush your teethTake a showerGet dressedIf you are lucky you have time for a quick breakfast but most likely you eat something on the way to workYou are driving to work for 1 hour in horrible trafficYou work for 8 hours if luckyAfter work you drive home ... this time for 1.5 hours as traffic is ridiculousYou get home and you make foodYou are exhaustedYou are tired crappy moodTake care of the kidsYou eatYou have a little time to unwind and watch tv for an hourYou turn off tv and get ready for the next day.Get your clothes togetherDo your choresGet ready for bedSleep for 5 maybe six hoursWake up and you repeat the previous day's routine.This goes on 5 times a day.

My research so far has been looking at homeaway.com and looking at rates and schedules.

It would have the same amortization schedule as a traditional bank loan....you can google any number of online mtg amortization calculators.

They informed me they'd loan 80% with a 3/1, 5/1 or 7/1 arm with a balloon at 15 years on a 25 yr AM. schedule.