I actually have taught middle school for 4 yrs(and was good at it) and I know that there are no new systems or programs but there but, are still those who are uninformed as to the basics of investing.

(For this example we will say $10,000)Loan 1 - Mortgage + $5,000 = $15,000Loan 2 (Seller Finance) - $85,000 @ 6% int rate, 5 yrs amortizedThis is my first RE deal and based on things I've read, this seems to be the most logical way to structure the deal.

I've only been investing here for about 5 yrs but maybe I can help.

If you had a fixed term lease which ended April 30, but then accepted rent from the tenant on May 01, in most jurisdictions you would be deemed to be under the "default" lease which is a month-to-month periodic ... so you can terminate with 30-days notice.In some provinces, such as here in NB, there are slight differences when dealing with long-term tenants (defined here as being >5-yrs) which restricts the conditions under which you can terminate the lease ... however, a major renovation during which the building would be uninhabitable is one of the conditions under which the lease could be terminated.  

BS Econ - IVY (was also captain of IVY Champ team all 4 yrs - now in Athletic Hall of fame and still hold a lot of records).JDNo others lawyers here????

Fifteen Units (three SFRs, two duplexes, one 8-plex)< 2 yrs = 7; 2-5 yrs = 0; 5-10 yrs = 3; 10-15 yrs = 3; 15-20 yrs = 0; 20-25 yrs  = 1; 25-30 yrs = 1.

Typical investor mortgage will be 80% LTV, fixed for 5 yrs then adjustable. 

We can go in 1-5 yrs later and touch up wear marks or mishaps and not paint the whole wall.

I am 28 yrs. old and quite the newb when it comes to real estate investing, however, I have been soaking up all of the amazing resources that this amazing website has too offer.

I have a smaller 3 bed house, 2 small children (2 yrs and 6 mnths) and we are planning on having more.