After 6 months of non-payment, we were able to perform an eviction for this tenant.

A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

[In my scenario below, I was thinking about a share of the equity upon refi (what @Jack Pasmore called "the kicker" or share of the upside) since I don't think the seller would agree the property values at only $450K, even though that's what the rent and NOI say]@Jeremy Dugan In my experience, such a "kicker" is only present when the other party is an "investor" rather than the "lender".

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

Connecting with local investors, lenders, and mentors can also help you find creative financing opportunities to get your first deal done.Good luck!

Mixed-use with some residential could also add diversification while keeping it simple.This current property is actually the storefront of a mix-use residential above, but no actual residential property for purchase.What’s the tenant mix like,Theee major ones: One restaurant, one non-profit gallery, one home goods,and how are you structuring financing?

Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

Definitely talk to a couple of lenders to see what you are pre approved for. 

Some lawyers will file ejectment lawsuits and ask for service by publication, but that is not allowed under the rules.

I know exactly where this duplex is---in Broad Ripple over by Mama Corolla's and the Liter House.John Jacobs Real Estate Investor and Private Money Lender  Indianapolis, IN