Now I see why some of these places sit for the long periods they do.   

Homepath has a first look period for owner occupants.

This is a two family property that can be cash flowed during that 90 day period as well.

Maybe your hold period might be double what you thought or the OC may be stalled by an economic stagnation.

It is 0% interest during a promotional period (usually 12 months), and there is a fee for the service of acquiring the most unsecured credit possible...more than a consumer can usually acquire on their own (there is a very specific formula to maxing out the unsecured credit world). 

I applied for a loan from my pension which I will pay back at 7.5% and will be deducted out of my check every pay period.

Obviously, the most common breach is failure to pay installments from some period of time.

As happens periodically everywhere, SoCal just had a case daylight where two guys had masqueraded for years as structural engineers and defrauded hundreds of resi and commercial clients for construction projects that were built - and now may require full demolition!

So no, there was no remainder 5k, but I did make a few thousand from the rental income (after taxes, insurance, interest payments, etc) over the 18 month period.  

., it will adjust periodically).If you're looking for a fixed rate residential loan, you'll probably have to close in your name and the mortgage will also have to be in your name BUT I believe your father may still be able to assist by co-signing the loan application and mortgage.