Current rates for combine Property and Liability are $0.40 in Dayton OH and $0.50 in STL.So in Peter's example, he has a $0.50 rate. 

(Make about $70,000 combined including benefits)Have a personal home worth $181,000 and owe about $161,000.

It can combine and report business, rental, and personal info.

Chase didn’t forgive my second mortgage, so they combined my first and second, and modified my loan for 40 yrs.

To me it is the right combination of maximizing commissions but also getting exactly the tools, training, and support I need. 

That, combined with the ever increasing burden of monthly rent has led me to Bigger Pockets.

Repairs and CapEx should be closer to 15% combined (I understand this was just renovated a few years ago, but you're planning for averages over a long-term hold).

However, there are some small breeds that love to dig, scratch doors, chew trim, dig on carpet, crap everywhere, etc. 

Moen = crap

I have 2 plans on how I can acquire this property, and I need help in figuring out which course of action I should take, or if both are them are crap and if there is a better way of doing this.Plan 1: I negotiate with him on taking over his mortgage and pay him the lump sum he is asking for with the remaining balance.