Also, they now require PMI for the life of the loan (IMHO, this is ridiculous yet another desperate way of the government to collect $).But the beauty is you can leverage 97% of your investment & have part of your duplex paying for YOUR mortgage payment.If/when you decide to move, you can rent out the other side A lot of BP investors highly recommend the way you're going about it so you're being wise with your 1st investment.There are different schools of thought on if you should let a tenant know you're the landlord.

It's pretty ridiculous that it's taking so long, but I'm hounding them"

Just give me a legal disclaimer that you are not an attorney and you are just giving me advice, I already have an appointment with an Attorney but I feel a little ridiculous asking what to put in the " subject to existing financing" and "equity" lines, I feel like these are things I should know, and I know it is probably very straight forward bu I just need someone to tel me, thanks.

If you can get my ridiculously low interest rate on the carry back financing with the 30yr am and 9yr balloon you have a payment of $420 for a cashflow of $480/month.For that I might go for it.

24% ROI would make sense on a leveraged property, but like somebody else mentioned, selling a property with owner financing, even at a ridiculous interest rate would net the seller significantly less money each month in exchange for a presumably small up front capital influx.

My first investment company I spent literally months just on the name creation, beyond ridiculous right, it gets worse. 

Or is 10% just ridiculously high? 

But I guess 25K is not as bad as that ridiculous 30K for whats his faces Bus Tour.

The other few who weren't only wanted to sell me 1-2 bdrm condos with ridiculous HOA fees .

Five months is ridiculous.