The obligation to repay the credit arises only if the home ceases to be your principal residence within 36 months from the date of purchase.

It's all about being unique while still addressing the actual needs of your target market.Find a way to appeal to your market subconsciously and you're even further along than the competition.

Just remember that you can always accelerate your mortgage payments anytime with the 30-year fixed rate loan, but the 15-year fixed doesn't provide you that option if you ever want to increase your net cash flow from your property.Without crunching your actual number for you, a 15-year mortgage will probably cut your net cash flow and cash-on-cash return down by about 40%.Bottom line is: go with what makes the most sense to you in terms of cash flow, rates of returns, and loan repayment -- but always make sure you get a fixed rate loan if you're financing it.Feel free to contact me anytime with any other questions.

Even with the anticipated 12% rent increase, you are only averaging $361/month per door before any expenses or mortgage repayment....knock out 50% for expenses and you are at $180/month/door ($1620/month) to pay mortgage, utilities and yourself.

I will comment to that as it is a unique arrangement not mentioned before.It's a pre-arranged installment sale.

. - as long as there is no expectation of repayment - conventional lenders will have no issue.I'm a long way from Florida and across the imaginary line, but conventional mortgagees work pretty similar regardless.

In reality, regardless of claims, no lender makes a loan without the ability to repay the loan.

What other expenses would I incur that would differ from SFR or multi-family investing that are unique to condos?

The repayment terms are the lesser of 1) the amount due or 2) 95% of fair market value.

Santa Cruz has a unique noise ordinance in that police do not have to provide a warning before writing a hefty fine for a noise complaint.