So 560k loan  700- 140 = 560  X  15% =  79k in holding costs for one year.. so poof there goes your equity..

In person its a place I could see maybe doing an investment or two in but its not where I really want to set up shop (I mean that literally; set up a home and also set up a wood shop - so I can build custom cabinets and stuff).If Santa Cruz, CA ever goes on sale then I'll go there and suck it up with CA laws and cost of living, but for the foreseeable future it is not even a remotely viable option; I looked at a fourplex there generating $10k in monthly income and priced at $2,700,000. 

Hi Everyone,Wanted to know the best way to do this real estate transfer/deal.My wife's parents own a rental property free and clear in an LLC.

So, they don't want it but even if you say ok, it'll be worth it due to the costs.

Aside from the cash-refinance cost itself)3) Does this mean the new mortgage (30-year conventional for the apartments) be based on the $1.8M with new interest rate (at the time), etc.?

Feel free to inquire about their staff qualifications if it's a larger organization.2.

If you're interested in connecting feel free to message me!

Build mobile home on the vacant lot I understand the cost involved for rehab the existing house.  

@Terri-Leigh H.can you breakdown what your costs are to furnish each bed and additional furniture, furnishings cost are for a 5 bed property. 35k seems high compared to what we have encountered.

The Reno market has a lower cost to entry and strong appreciation.