He wants $10,000 down (no problem, I have it) and will finance the balance himself at 8% for 10 years, with payments about $972.00 per month.

Then, pay the balance you owe your contractors from the funds you received from the refi.

My philosophy has always been that once a tenant got onto my radar screen I wanted to take as many actions as I legally could to keep them "off balance".

It is a balancing act.

Commonly insured by FHA, it involves no monthly payment and the deferred interest accrues to the balance.

It is very difficult to get financing packages for these...unless you are getting a loan for the home itself and not the entire land/home package.Sewage and water bills would have to do with the location of the home.

______Total expenses $ 90Operating Income $4291st balance $51,120 Payment $313 Due 30 yrs2nd balance $12,780 Payment $115 Due 15 yrs__________________________________________Totals $63,900 $428Positive cash flow $1.00Not including repairs or managementNot a good deal!

They have refused to give me a closing date (until recently), and stalled on everything.I ran this past my real estate agent, and he explained that many builders/mortgage companies (they are both the same group, in my case) have been trying to make the process as difficult as possible so buyers will “walk” from the deal and allow the builder to reap huge profits when they sell to another buyer (because the market has gone up since we signed—our house is now worth about $65-85K more than we will pay for it).

It has become increasingly difficult to find underpriced properties in many markets (NY, LA, etc.).

One for surviving spouse in a survivors' trust, one for an exemption trust of the deceased up to exempt amount, and the balance to a survivor trust .