New Bank Loan Traditional Subject To Take Over Existing Loan - has already been paid down some Purchase Price $400,000 $332,196 (Take over existing loan) Down 20% $80,000 $10,000 To Seller Loan Amt $320,000 $332,196 (Take over loan) New Loan Payment Rate 7.75% $2,293 $1,465 Take Over Payment Rate 3% Difference $828 Your Savings per month Other $0 $0 other Loan Origination Fees 2% $6,400 $6,400 Your Savings On Loan Fees Closing Costs $3,500 $3,500 Closing Costs Cost for length of Loan $825,307 $490,512 Your Cost for length of Loan $334,795 Your Savings over Life of the Loan Using Bank Cost to acquire $89,900 $13,500 Using Us Cost to acquire $76,400 Your Savings Just By Buying Using Subject To Total Savings $411,195 Your Savings Total w/Subject To

@Danielle Daly can help answer this question!

In our municipalities, once certain corrections are made everything in certain systems has to be brought up to modern code, air tested, et… which can turn into a larger project and expense than originally planned.Along with foundations I would include overall general structure.

https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?

Originally posted by David Schneider:Is it absolutely necessary to have your LLC created prior to doing deals?

And, most importantly, what books do you recommend that can answer the questions above and talk about related subjects.

@Jordan George I have some investors from Canada that i work with that can probably answer this question for you , Ive sold them a few homes here in Detroit so they should know first hand .

@Rajshekar Manaliker The short answer is anywhere in the country.

Struggling for answers and correct direction I need to head towards. 

@Brandon Spurlock I'm currently only listing my property on Furnished Finder so I can't really answer your question about mentioning the lease agreement on Airbnb or other OTAs.