We would have to figure out how that would function properly together, as a group.

Include quarterly inspections in your lease with proper notice (based on your state/local guidelines) regarding the notice you must give your tenant.

I want my properties to be in proper working order from top to bottom and if something isn't working I would have a plan to take care of it prepared.

As a foreigner, are you sure you can get financing for the balance beyond your down payment?

We are looking into refinancing the larger property and can do 70% LTV at 30 yr 4.125% with no points and minimal closing costs if we open accounts at the bank offering the loan...The question we have is regarding the remaining $15,000+ balance.

Ed, is your loan a High Balance?

Kinda hard to have half a house on one lot.....As a renatl, or owner occupied, a patio home can work well, I've had both sides and sold each, but one side would be fine if you have proper zoning and filed agreements concerning shared aspects of improvements.

When we were getting our start we talked to several VPs of commercial lending, and having actual numbers when presenting our business plan to them was helpful in showing them that we had done our due diligence and were capable of conducting proper analysis.

Initially, just like Wayne Brooks mentioned.Once you've had a loan for some period of time, the MI can be taken off by getting a new appraisal showing loan balance to value below some percentage (that should show up in the loan docs - my guess would be 0.78 or a loan balance that is 78% of appraised value).

Hey BP,I'm encountering a lot of leads who have high equity in their homes but the current value is a lot lower than what they purchased it for, so they are reluctant to sell at a price that works for me (60-75% minus repairs of market value).My question is, is there a strategy out there to try to convert these leads to a deal or is this just the way of the land and a deal will come when proper motivation is present?