(not by me at least) and if these guys think I'm going to pay all kinds of upfront money then well, it's just not going to happen.I know we need to pay some minor BS fees but we are certainly not going to pay to borrow extremely expensive money.Anyway, we were pre-approved with a (I guess they can remain nameless at this point) lender here in Florida.

One county I work is very powerful and easy to search, once you figure out its quirks.

Mom and DaD are already talking about me having power of attorney.

Consult an attorney and your tax pro for definitive answers.Unless you have something else in your hands, a deed of trust is just a legal document signed by the borrower which grants the lender the right to foreclose by power of sale in the event of default on the loan.

I know others will differ but there is an amount that, if you already trust the partner, will be more trouble securing with anything more than a simple MOU/Contract and Hiring contractor with a power of lien.Are you doing the work yourself?

They use the JP court and sheriff's department for enforcement, so they wield a lot of power.

Originally posted by Luis A.

Also, if the house appreciated 50%, in the second scenario you would have made 50,000$, 50% of the equity you have put into the house. those 50,000$ are 111% of the equity you would have had if you used 30 years amortization.So assuming these (perhaps unlikely) conditions, after 15 years you would have:15 years amortization: 150,000 in the house, 110,000 from the compounding cash flow = 260,000 gain.30 years amortization: 95,000 in the house, 500000 from the compounding cash flow = 595,000 gain.Just to show you the power of cash flow and compounding returns.

My realtor doesn't think the seller will go through that (it's a power of attorney sale - the seller is 96 years old).

My rentals are class A.