With these updates I am confident I can get the ARV to around 400k.Now to the seller financing structure:purchase price- 300ktaxes- $900insurance $100Over 5 years (60 months) make monthly payments of $1,000 (60k) (Assuming 0% interest and 0 down payment being the wonderful grandson I am)I attempted to use the rental property calculator to analyze but this deal is a little out of the ordinary.After those 5 years do a cash out refi to pay back the remaining 240K and assuming it will be valued in the 400k range I could pull out some more equity to buy more properties.I plan to do the renovations within the first month and getting renters in there asap.

You're just enabling her by allowing her to remain which will, of course, ultimately result in her death.

Plano and Richardson remain hot.

Once they tear down the building they slap a lien for the inflated cost of the demo on the remaining lot which will be recorded and would which would come up on title.If case is closed you don't have to deal with it but if it is open you can take possession and take over the case in which the judge gives a new buyer time to make it right but they order an interior inspection which leads to having to get drawings and permits if the work needed requires it.

If I was to start over, I would have looked at a duplex or 4 family in a good area (south city, ucity, maplewood, etc) and lived in one of the units and rented the remaining.

If I were your friends, I would make an appointment to sit down with the attorney or title/closing agent who is handling the paperwork, and ask them to lay it out for me: What exactly are we waiting on, what are the remaining steps we need to take, how long do you expect this to take, and how can I help?

Is there a website/software I can use to find out the remaining amount seller owes on their mortgage?

IMO, it's best to stay liquid if it means using all of your remaining capital in a buy and hold situation.

Step 3 you will rent out the unitsStep 4 you refinance doing a cash out refi so you can pay back the PML/HML, all while acquiring a mortgage and the remaining portion of the money is what you will use to repeat the process by buying your next property.When you do the cash out refi you want to make sure you use a bank that has no seasoning so you can do it immediately as opposed to waiting a year.

It is asking for remaining principal ($195,400) + interest, escrow, title search, title exam, filing fee, and attorney fees and costs.