Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.o Cash out to recoup gift funds is not permitted.

Off street parking on property - but wait - talked to codes office and found out that available parking, though it seemed adequate by my calculations, was only about 60% of what is required by code for an apartment building - and there is no other available land.

For Tax purposes your best bet is to start an LLC and DO NOT elect any other status.

I got tickets to the conference because I'm betting that we will get out more than the $1500 we will spend on it!

Do you know how I would calculate that in my situation?

That was my first thought as well, but then I realized that there is principal pay-down that needs to be factored in; I don't have a calculator handy, but I'm guessing it's somewhere between 4-5%.Still crazy cheap, though!

What I'm hoping to hear here is that I'm kind of on the right track or I'm way off base in my calculations.

Should I calculate pro rated taxes paid at closing as a acquisition cost or part of my yearly expense?

I wouldn't bet on "busting the comps" or getting it to appraise...

Factoring in a 30-year mortgage, $1,200 in annual home insurance, closing costs of $5,500 and maintenance costs of $100 a month, along with property taxes, he calculated that it would take a selling price, 10 years later, of $395,404 just to break even.