@Joe Rinderknecht  If your remaining balance is 160k, and the appraisal came in at 210k, your LTV is over 76%.

or are you referring to the UPB being 50% of original balance?

Looking for folks' understanding of "snowballing".From what I've found while Googling generally, it seems to be a hybrid of the "Debt Snowball" promoted by Dave Ramsey and "debt stacking" from Primerica in that it suggests to order debts by highest interest rate first, although the one with the highest rate may not be the highest outstanding balance.

I recommend choosing a market where you can break even or better on a monthly/annual basis, and experience moderate to strong appreciation.I also have plenty of clients who don't care about appreciation and focus purely on a monthly/annual cash cow- but I recommend a vacation rental property in a market that offers a balance of the two.

With the existing principle balance on the first mortgage that only affords me about $80K.

With that said - doing the books for a flipping business is not so difficult.You will have one large asset(Inventory(house)) that will keep growing until it is sold and removed from the balance sheet.

I am looking for some guidance on managing security deposits, repairs, and return of the balance from a bookkeeping standpoint. 

Just balance it with the risks. 

Then transferring the balance to a 0% apr 18 month cc. 

Comments;Recency of a balance overlimit on a bankcard accountNot enough available creditAverage balance of auto accounts is too highBankcard account balances are too high in proportion to credit limitsInquiries impacted the credit score*****************I got great vibes from this couple, but I'm not sure what to do when the results are mixed on a report like this.