Just make sure with your broker you know whether the umbrella is in addition to the underlying limit or its limit is less the underlying limit.  

I am about to pull the trigger on a condo in Pasadena, CA and upon digging into the financials of the HOA discovered that they are funded at about 30% of what the third party HOA analysis firm would consider a full re...

My credit is great and I have additional w2 income as well.

@Michael LeYes generally one can invest in real estate alongside her own IRA as long it is processed as a tenants-in-common transaction, for example.   

These would be 30 year fixed loans so no rate/term restructure after a 5 year window.These are the two most common forms of loans for investment properties that you will have access to.

If the appraiser used different comps have your realtor submit any additional comps and include a list of repairs/upgrades that you made to the property.Good luck!

Then on top of that they charge a 7% Commission (that would equate to additional $26,250).

Additionally, since I was going in all-cash, I could offer seller financing to a potential buyer if HOA assessment delinquencies presented a problem with bank financing.

I'd like to collect rent on the 1st and then pay the mortgage on the 7th to prevent the lag of pulling money out of my property account just to put it back in within a day or two, but I want to make sure that my interest won't go up in the 6 additional days if I pay it on the 7th.Can someone let me know if that makes sense or if I'm misunderstanding how mortgage interest is calculated?

I purchased the land with the intentions of building additional duplexes in the future.