Total Purchase Price $396k$164k loan still exists on property For remaining $242k, Seller would accept payments of $800 per month the first year, $900 per month second year, and $1000 per month after that until the total amount is realized.

Second issue - I accepted that I would have to refinance the line of credit again after 12 months, to unlock the additional equity in the home, (hesitantly) and applied for the heloc with BB&T who was offering 90% LTV & was actually DENIED because "my debt to income ratio was too high".

Another alternative if your property is close but doesn't appraise for the price you want, rather than bringing money to the table, you can also accept a higher interest rate and the lender will pay you.

Is there a formula based on revenue that is generally accepted?

I'm not an attorney, but if I had accepted a security deposit, wherever that came from, it would be in the name of the tenant.

All feedback should be considered constructive and accepted for at least consideration.

hi bpi'm moving to STL for work, so my wife and i decided to house hack a multi fam. we made an offer and were accepted on a duplex in benton park. this will be our first investment property. does anyone know a good insurance agent/company?

Stop paying rent and face an eviction.Possibly find a replacement renter acceptable to management.Good Luck.

Working with a leasee, trying to find him a place to live… we are offering over asking  and in many cases offering a lot of money upfront and still not getting accepted!

If that is the case, the problem is that sooner, rather than later, they are not going to be working and you've shown a willingness to file claims.Your best bet is to find a non-admitted / surplus lines carrier that will accept this type of risk.