LTV is 75% so basically no pay down but he's been using the rental funds to cover other bills. 

Deal details: $800k pp, 1.5 back end high seasons jan to April 15-25k, low seasons 8-10k

On the front end of investing I strongly recommend having a separate bank account and not comingling rental funds/expenses and personal funds/transactions.

I’m raising private funds and am in need of a a written agreement.

This donation will help raise funds for Wharton Dual Language Academy located in Houston, Texas.

Has anyone heard about this lender? Are they trust worthy? Please advise.Chris CharlesCEO/PresidentFunding American Dreams, LLC
315 W Elliot Road Suite 107.277,
Tempe Arizona 85284.
Direct #: (602)-669- 6094
Fax...

If you bought the property in the last couple years the property taxes were probably artificially low for a long term owner occupant?

This is not legal advice please consult with you attorney).Consider a step-by-step process increasing the pressure on the tenant with each step while accumulating documentation (which will be needed in Eviction Court):As per the prior comment, first contact the State Agency sponsoring/funding the Section 8 payments and document for them all the issues to see if a resolution can be reached.

I asked him about it and said something about rates dropped 3 days ago  and got the low rate.

Tax BenefitsWhen buying in low cost areas, it can be difficult to achieve FIRE without high volume of units.