So in my example, I bought my home for $180k, so my MIP won't fall off until my principal balance hits $140,400.Check with your CPA, but times have changed in the FHA MIP world.

Proper terms are often replaced by lingo

I just started my own property management company, and I'm looking for a simple template P&L Statement, and Balance sheet.

If this is the case, could someone tell me the proper & legal way to do this?

Which changes the numbers, the predicament of the property, who owns in properly and who is allowed to sell it.

I know of several HOA's in CA who have negotiated discounted payoffs of past-due balances & liens after 1+ year of non-payment.I think part of this depends on the size of the HOA, and honestly, whoever is the "dominant" member on the Board, coupled with the influence exerted by the professional property manager (this is all often influenced by the number of units under the HOA.)

Hi NJCommercial.I'm thinking of starting to invest in commercial properties to balance out my residential holdings.

So you need to understand what your BUYERS want and what they plan to do with the property so you can properly market properties to them.I would highly suggest that you understand more about all areas.

I finally learned how to properly evict them and decided now I can put in good tenants that have been screened.What I found out is that good tenants don't want to rent there.

I thought the short sale was agreeing to sell for less that the balance of the loan.