So the assessed value on the county site is strictly for estimating taxes and does not accurately reflect the actual value of the home then! 

I've had obstacles getting loans in the past and thats why im asking about loan options for me bc I dont have alot of wiggle room bc my last loan funding docs has this $14,151 total income$2,879 1st mortgage$287.40 Hazard Insurance$1404.74 Real Estate Taxes$1268.09 mortgage on 2nd home$76.67 hazard insurance$438.22 real estate taxes$691 association fees bc its a condoSo that has my total monthly expenses at $7,045.12 and you know how strict banks are now as thats half my income on both properties but as I said my son is paying all bills of the rental condo but im afraid to show it as a rental bc i think thats against the rules of the loan.Anyways thats why I was asking how to get creative with my assets and limited income available to borrow based off the 2 loans I have existing.

I myself instead of contributing to the "rent" want to instead put money strictly into the principal to get it down as much as I can as fast as I can.

I focus on fix and flips and buy rentals but they have to meet a very strict criteria.

I have a pretty strict lease and enforce it.

We are interested in a strictly buy and hold approach.Thanks all!

If you do not want them to mail directly to your home set up a P.O Box and force your tenant to provide payment by money order, check etc and strictly inforce a no late payment rule.

The lender (or Judicial body if required) usually assigns the task to a third party entity known as a trustee who will put the property up for a public auction according to strict laws and regulations from the local, city, state and federal government(s).

Hi Megan, it sounds like you need a ne appraisal as whoever that was that did your first one was talking out of school he should have nothing to do with your banks underwriters as his job is strictly to determine value!

Hi, My question is...how do I set up a partnership with a family member that is willing to come in strictly with the cash to acquire, rehab and sell a property?