Jeffrey, Operating expenses include taxes, insurance, management (even if you do it yourself), maintenance, advertising, office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, utilities (if only during vacancies), vacancies, capital expenses (not technically an operating expense), etc, etc, etc.

A Treasury official confirmed that regulators were working out details of an intervention plan on Saturday.

Since the deed isnt passed until all the payments have been made, technically, you havent sold the property so the due on sale isnt triggered.

Give details of the two properties?

With many clients I go into detail about the lender's par rate to me as a broker versus a "marked up" rate.Sometimes I know I've lost them when I start mentioning pricing adjustments and factors that affect their rate/cost.

Can anyone that has it give a little bit more detail?

If you include a few more details, you may elicit better advice.

Perhaps you can get more details on what the roofer plans to do, and we can offer a better idea of whether you're getting ripped off or not.

PM me if you need more details.

After that I do exactly what you describe and dig into the details including reserves.