The plan is to: - Make regular payments on the seller-held mortgage for the agreed-upon term.- Pay off the balloon payment at the end of the term.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity. 

Hi everyone,I hope you're doing well and enjoying the fall weather.

The end result is the same.

We completed the updating of two of the units so far, and rented both.

But the size of the down payment depends on several factors.

That's a nice situation you're in, and I wouldn't touch the underlying 2.625% loan.

We found this deal on the market.

The first line you mention the increasing friend of investor looking for.

Have a salon with a water heater that was installed around three months ago, and the tenant has complained that it's having issues heating the water; I suspect it may be an electrical issue with the system. 

When you get the order of possession from the court, it will probably state a date or number of days the tenant has to leave.