Real Estate Investing Abbreviations *REI Abbreviations* *AFD* - Agreement For Deed *AITD* - All Inclusive Trust Deed *APR* - Annual Percentage Rate *ARM* - Adjustable Rate Mortgage *ARV* - After-Repaired Value *BOM* - Back On Market *BOR* - Board of Realtors *CAD* - County Appraisal District *Cap* - Capitalization *CCIM* - Certified Commercial Investment Member *CCR* - Conditions, Covenants, and Restrictions *CFD* - Contract for Deed *CLTV* - Combined Loan To Value *CMA* - Comparative Market Analysis *COCR* - Cash on Cash Return *COF* - Cost of Funds *COO* - Certificate of Occupancy *CRB* - Certified Residential Broker *CRE* - Creative Real Estate *CRS* - Certified Residential Specialist *DBA* - Doing Business As *DCR* - Debt Coverage Ratio *DOS* - Due On Sale Clause *DOT* - Deed of Trust *DSCR* - Debt Service Coverage Ratio *FCRA* - Fair Credit Reporting Act *FFE* - Furniture, Fixture, and Equipment *FHA* - Federal Housing Administration *FHLMC* - Federal Home Loan Mortgage Corporation, Freddie Mac *FMR* - Fair Market Rent *FMV* - Fair Market Value *FNMA* - Federal National Mortage Association, Fannie Mae *FRBO* - For Rent by Owner *FSBO* - For Sale by Owner *GMAC* - General Motors Acceptance Corporation *GRM* - Gross Rent Multiplier *HELOC* - Home Equity Line of Credit *HML* - Hard Money Lender *HOA* - Homeowners Association *HUD* - Housing and Urban Development *HVAC* - Heating, Ventilation and Air Conditioning *IRA* - Individual Retirement Account *IRC* - Internal Revenue Code *IRR* - Internal Rate of Return *IRS* - Internal Revenue Service *L/O* - Lease Option *L/P* - Lease Purchase *L/S* - Landlord Seller *LIBOR* - London Interbank Offering Rate *LLC* - Limited Liability Company *LOC* - Line of Credit *LOI* - Letter of Intent *LP* - Limited Partnership *LPOA* - Limited Power of Attorney *LTV* - Loan to Value *MAI* - Member Appraisal Institute *MAO* - Maximum Allowable Offer *MIP* - Mortgage Insurance Premium *MLS* - Multiple Listing Service *MUD* - Municipal Utility District *NAR* - National Association of Realtors *NIV* - No Income Verification *NNN* - Triple Net Lease *NOD* - Notice of Default *NOI* - Net Operating Income *NOO* - Non-Owner Occupant *O/F* - Owner Finance *OO* - Owner Occupant *P&S* - Purchase and Sale *PITI* - Principal Interest Taxes Insurance *PMI* - Private Mortgage Insurance *POA* - Power of Attorney *PUD* - Planned Unit Development *REI* - Real Estate Investing / Real Estate Investor *REIA* - Real Estate Investors Association *REIT* - Real Estate Investment Trust *REO* - Real Estate Owned *ROI* - Return On Investment *RTO* - Rent to Own *SFH* - Single Family House *SFR* - Single Family Residence *Sub2* - Buying property subject to existing financing *T/B* - Tenant Buyer *TAA* - Texas Apartment Association *TAR* - Texas Association of Realtors *TIL* - Truth In Lending *TREC* - Texas Real Estate Commission *UBIT* - Unrelated Business Income Tax *UCC* - Uniform Commercial Code *VA* - Department of Veterans Affairs / Veterans Administration K Marie Poe, WDYT?

It is true that we might have too many cranes in the air right now.

I guess I am just blowing off hot air because I will probably pay them off to stay out of my hair but it doesn't quite seem right.

They already have 3 air conditioners, 3 laundry rooms, and 3 kitchens.

Thanks for the advice.I see confusion in the air from the City and Seller and I thought there might be opportunity.

Single Family would be 3 bedroom 1 bath in basement with the egress window (only 2 bd now)Clean house, newer vinyl siding, roof is nice. 09 waterheater and 2002 furnace.foundation looks good.Car port on side of house fenced back yard with single car garage. nice sized yard. no sure how to rate neighborhoods, I wouldn't be afraid to walk there at night. ha Total finished sq ft 1,022Built 1946Central Air Cost Assumptions Price $60,000Dp $12,000Improvement $1500 (Egress window)Closing $2000Total cost $64000Cash Outlay $16000................................................................Financing Dp 20%Financing amount $48,000Interest 4.5%??

We called the Wisconsin state inspector and he informed us that nothing is wrong with a shared furnace but it just needs to be separate cold air returns such as a common hallway it could not pull from inside a unit.

If we have worries about a specific system, ie heat&air, our contractors will look at it for us usually at no cost.

Another investor and I was going through a house and they opened it and the air was instantly nauseating throughout the house.

These projects allow me to get outdoors and get some fresh air. :-) By the way, I have one other part-time job that I do periodically and I've done it going on 12 years now.