I worked 2 jobs as I had the time and opportunity to increase my income and savings to accelerate buying my first home (property).I moved to XXX as the work opportunities and income I could make were better for my skills.  2 Separate Letters.

That situation likely won't work out - I guess I was just curious if anyone had made a deal with a seller for a lower purchase price (subsequent lower DP) with the incentive of a profit/equity share.

This decreasing value of the offset by increases in rents.

From my understanding, we need to give 60 day notice for a rent increase but only 30 day notice of lease cancellation for a month to month in Missouri.

There is one new multifamily complex (The Nolen) that I know of that is still in lease-up, but I'm wondering if anyone has any insights or opinions on what they think the local area is like: are people moving in to downtown Clearwater area, companies moving in or out/number of jobs increasing or decreasing, etc.Any insight would be tremendously helpful.Ben

But if you want to rehab to increase rent then give him 30 day notice to vacate and proceed.

So, yes, I am increasingly leaning toward HML given the ability to finance the whole deal including the repairs. 

I am looking for a few creative strategies for using the rental to purchase several other  properties , so I am considering selling it and paying off the mortgage and starting again,  or refinancing it and using the equity for buying other properties,  but this would increase the amount owed on two mortgages.  

I think it's fair to say that conventional loans are always cheaper in the long run but on the flip side if you can save 5-10% down payment you could buy more properties and increase your cash flow quicker. 

It'd make more sense to just take the straight line depreciation in this case.With the value increase selling is probably the best way to go if they need the money.