Year 1 principal pay down will be $1,800 or more than 3% of the remaining principal.

But I think its worth it to remain patient and stick to the strategy of buy low sell high, not buy high and hope to sell higher!

Will need to see more paperwork on those.On the type of financing: I will be putting down 20-25% and get a commercial loan on the remaining 75-80%.

I have worked the retail side of Real Estate and will continue to do so to remain active and informed on the growing real estate community here in Charleston.

Here are some quick updates for our apartment building stabilization in Connecticutdeposits have been collected for 2 of the 4 vacant units6 showings are set up for the remaining vacant unitssome minor roof repairs were completedIn general, when people in an apartment building that has been neglected gets new management and the tenants see that repairs are actually being done they flood the new manager with requests.  

And enough people were doing that that the price of those raw materials remained high.Or if you prefer a real estate analogy, the Empire State Building was begun in 1930, AFTER the stock market crashed.  

. :)So you got two loans: one commercial loan at 70% LTV, second at 25% LTV, leaving you to cover the remaining 5%.

If this is a one year lease than you have to wait the remaining number of months before you can ask the tenant to leave provided they don't do anything to break the lease such as stop paying rent.

You can keep the same LLC unless you feel that the partnership with you and the new members will be conducting significantly different business than the purpose for which you set up the original LLC.If you wish me to prepare the remaining corporate documents such as partnership/operating agreement, minutes of the board or any other corporate documents, I can prepare those for you and I price them based on the type of partnership/corporation you are forming.

In my case, I'm looking to finance about 10-20 % (depending on the size) and the  seller to finance the remaining % to reach 25-30%.