We are looking to take that experience and learn to flip houses and expand our RE enterprises.

My subsequent apartment purchases have been financed by increasing value of existing stock and refinancing. 

It is possible the underwriter will see the payment coming out of your bank statements in subsequent months and inquire about it....but that isn't likely to occur.  

It is not clear to me that venture financing is the right tool to finance growth of these enterprises either.  

So, you can foreclose on him if he doesn't pay you and you would do that subject to the existing senior lien, which you would have to pay off eventually.Be careful if you become a lien holder and subsequently try to foreclose.

That being said, you probably are motivated and subsequently can't go wrong if you stick to your budget and remind yourself that this is your first property.

The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located.Mortgages that are made on properties in which sales contracts have been executed after 11:59 PM, December 31, 2014, are not eligible for a waiver of the regulation prohibiting property flipping.FHA will not extend the waiver beyond December 31, 2014.Section 203.37a(c) lists the sales transactions exempt from this rule.The exempt transactions include sales by HUD of real estate-owned (REO) properties under HUD’s regulations in 24 CFR part 291, sales by other federal agencies of REO properties, sales of properties by nonprofit organizations that have been approved to purchase and resell HUD REO properties, sales by state - and federally - chartered financial institutions and government sponsored enterprises (GSEs), and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as federal disaster areas.The regulation, including its exemptions, is still in effect.Quick Links and ResourcesReview the Federal Register Notice (Docket No.

If your lease has a $25 late fee for each subsequent day that the rent is late, then the tenant is motivated to pay sooner.

@Stuart Birdsong - I haven't done a title search yet to verify if there is a lien or not, but the township office didn't say anything about there having filed one when I went down to pull the details of the code violations and subsequent penalties. 

Your enterprising hard work and determination will pay off as the years go by.