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I'd love to pay to become a lifetime member of the TREA site and utilize all the tools and browse around learning for myself...

The rental property analysis tool will calculate all of this for you:http://www.biggerpockets.com/recritic.html(It's not a replacement for tax advice, but it can help you better understand the calculations and let you see what happens when different assumptions/values change.)

Also for generic use there is a “what’s missing calculator” at Hugh’s calculators (http://www.hughchou.org/calc/missing.cgi) that you can use to give you a good idea—for specifics you talk to your loan person.Using your number of list at 310000 and a particular online calculator, I input your loan at 310000, 12 payments a year, 8% interest (combo of 6.9 and 9.9 and is probably way off) and 360 payments (30 year loan) and got a monthly payment of $2274.68 for principal and interest.

Tell me what county/state the property is in and I will tell you how to look up the title on line...the borrower's name will be on the title and then perhaps you can locate him/her with a reverse address lookup...Regards,Scott Miller

I've got my tool belt on and a sledge in my hand.

I've researched the property on-line and neither was listed as a prior lender.This all new to me, so any information is helpful.

I'd pay heed to Ryan's comments as personal liquidity will be the greatest tool at your disposal to take advantage of ALL financing options in the future.

This is a tool that has taken ten years or more for other cities to put into effect, and it has never failed in creating revitalization.

Put online ads on Craigslist and Backpage for the city you want to invest in.