The luster wears off of new cars long before the payments end.Find a quality used car pay cash and enjoy remaining dept free.As for how much to spend and which car, well that will take as much research as buying your first investment.

every short sale regardless of lender requires the "arms-length transaction" certification that has wording like below:" The Buyers and Sellers nor their Agents have any agreements written or implied that will allow the Seller to remain in the property as renters or regain ownership of said property at anytime after the execution of this short sale transction.

Generally, you'll have a LTV secured or a CLTV with other financing that needs to stay in place with the remaining lots as particial releases are provided.

What's keeping you from having a better estimate of what remains?

So I'm doing a lot of research regarding buying notes, haven't bought one yet, but it looks like it could be a bit of fun.I was checking out some loans on various websites (I'm sure these aren't great deals, same with finding house on websites) as a way to familiarize myself with different aspects of loans, I figured I'd stick to performing loans, could just hold for a decent return, or maybe tweak them a bit and create a little win-win situation.Then I'm seeing these heavily discounted 1st lien NPN's, now I can see a great opportunity in modifying these, allowing someone who wants to to remain in their house for a lower monthly, and since the note is heavily discounted creating some nice cash flow for my money.

These are fixed for 5-7 years, then float for the remaining term, with an annual and lifetime limit on how high the rate can go.

For the interior it all depends on the current condition of the home and what historic details are remaining. 

Also if the advice will remain the same in the case where there is enough resources to make 30% down payment towards the 5+ rental units. 

The remaining 5 will rent for the same once occupied.

But I don't have to split the remaining profit 50/50.and we $75k - (4k labor - 17k rehab - 2 loan payments of $700 each or 1400 total, 2 gas & elec pmts of 200 each or 400)= $18,800 but let's round to an even $20k for expenses...that's 75-20= 55k total profit to me.