It may be higher. 2) I think your loan fees are too low, unless the loan interest rate is higher and you're getting some lender credits. 3) Is the refinance loan amount $145,500 after equity is maintained?  

If you were to be in the market for a ‘fixer upper’ and getting into the world of REI (thinking ahead to using this as an investment/house hacking down the line) The Good Neighbor Next Door loan is another one that could work for you as a teacher (even if you worked part time and taught even a co-teaching half time schedule to maintain teaching status- I would verify that with a lender and still obtained real estate license (I can try to help you connect with some if you’d like) but for you specifically as some lenders you won’t be able to qualify with a commission based (potential at that for now) income for two years (two years of tax returns) in a lot of cases. https://www.hud.gov/program_offices/housing/sfh/reo/goodn/gnndabot Along these same lines a Homestyle loan product may work for you too, having a decent down payment and great credit score.

And treating your tenants with honesty and direct communication, while providing a well maintained unit, and quickly addressing any of their concerns goes a long ways in preventing issues.    

I signed the contract for buying the property as-is so I don't think the seller will pay for any of these so I am wondering if I should continue to proceed with this purchase.Paying an additional $18,000 will maintain a ~$420/mo cash flow but will reduce my cash on cash return to ~10%.

I will always maintain integrity with sellers and be transparent regardless.

I'm kinda leaning toward paying these suckers off, getting about half of the houses in the portfolio free and clear, and maintaining that balance until it gets time to hang up my hat at work.Whatcha reckon?

Without that, an attorney can attack right through it saying you have not maintained the LLC and it's no longer valid.  1)  Do an annual update.  

It's government money, there is no reason to spend money to improve the property simply maintain it to the agencies standards.

Hello all -I am a first time home buyer with no experience in RE other than knowledge acquired from my lurking on BP. I decided that my first step should be to find a duplex or small MFH to "house hack", as I am curre...

To be comfortable I would need to feel secure this buyer will manage and maintain these 25 units well, especially since they will have little to no $ skin in.