@Brian GerlachAre the properties the extend the LOC to held in an LLC or personally?

The lower end places can be great, but you need those long term tenants that make you a lot of money to offset the occasional $7,000 turnover because the tenants was breeding pit bulls or had his whole extended move in and never once cleaned a thing.

There was a fishing dock that extended out into the water that fell down some time ago.My lake property has water and sewer connections.

@Jonathan Toruno. extend range . 1/2 mile to mile. extend sale date . 3 months to 6 months. ask a realtor to run comps

Many states have specific laws on the storage, protection, and release of PII information, whether intentional or negligently.

Tenant shall vacate the Premises upon termination of the Agreement, unless: (i) Landlord and Tenant have extended this Agreement in writing or signed a new agreement; (ii) mandated by local rent control law; or (iii) Landlord accepts Rent from Tenant (other than past due Rent), in which case a month-to-month tenancy shall be created which either party may terminate as specified in paragraph 2A.

Rhett is correct in that generally the nuts and bolts of a contract can be interpreted fairly well by the agent and/or title company if they'll extend the advice to you.

Intention probably has a lot to do with whether or not it counts, so even the scenario I just posed will probably not pass a couple introductory questions from a lender; but go ask and that way you'll know.Using a lender to finance the renovations can have it's own hardships, like inspections before payments are released.

It is pushed into the future and will be released when you sell properties.

There are many ways you can recast this deal. first things first, close the deal with attractive seller financing. ask the seller to add settlement cost into the mortgage. consider some of these in your mortgage conditions ( put some or all of these terms in your offer) make sure you understand the value of these clauses - if not, give me a call glad to chat.1. put a subordination clause in the mortgage, this will allow you to get a new first and have the seller financed in second position.2. have a pay-off discount of 5-10% so if you get a new mortgage or sell the house you can discount the seller mortgage, this could save you thousands of dollars.3. have the mortgage secured by another property you own - this will make your property free and clear, now get a new mortgage, keep the proceeds or use it for renovations.4. have a stutter clause, this will allow you to miss one payment a year.5. have a first right of refusal in the mortgage in the event the seller (mortgagee) try to sell the mortgage at a discount, this gives you the option to benefit from the discount.6. the mortgage should be fully assumable without qualification with release of liability. this makes your resale attractive since you have financing built in.7. ask for a delay in making payments (6 months) this will free up some of your cash for renovations. good luck  with it -- Charles