We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the loan because 50% LTV/LTC).

In the operating agreement it would stipulate the structure of the loan repayment and make the monthly payments.

Establish interest reserve for each loan so there are no non performing loans to report2.

Of course that would change if there was a screaming deal where the numbers absolutely positively worked.My first house had a loan at 18% so the Int Rate alone is not a deal killer, but you gotta be careful because it will suck up your profits real fast.Can you sell the duplex and free up $150k cash?

Let's compare a $250,000,0 loan today versus two years ago.In America, the average person has a credit score of around 715 you’re looking at around 6.6% on a conventional 30 year loan.

I am  finding lots of evidence of this elusive loan product around the BP forums, but have yet to locate a lender who will offers this loan type. 

Purchase price: $134,000 Cash invested: $44,280 This was a perfect house hack with buying a home as a primary residence using a 10% down conventional loan and renovating while living in it for about a year.

Purchase price: $134,000 Cash invested: $44,280 This was a perfect house hack with buying a home as a primary residence using a 10% down conventional loan and renovating while living in it for about a year.

no walls were torn down, no new kitchens or baths installed, 2 had no new floor coverings installed all 3 had recent new electrical service. 

I don't want to get into a loan paying double digit interest.