I can tie these modifications of the amortized period or term to increased income, to certain events. to points in time or a combination of these factors.

David Beard,That is 7% of the asking price, I have not tried to negotiate a lower price at this point in time.

I will elaborate on what I AM wondering; 1)Assume that my SDIRA is funded with 100K, and buys property 1 outright for 80K cash at the original closing. 2) In the future (maybe a few months to a few years), I find property # 2 and want to buy that one also with my SDIRA, but I only have 20K left in there. 3)At that point in time, can my *SDIRA* do the Non-recourse Loan for say 50% of property #1 (50K), put that into the SDIRA pool of money (then 70K) so I had the funds to acquire property #2?

When there is a significan't number of items that cannot go on one line, you may want to consider using your own PM/contracting company at that point in time.

As a recent newbie to rehabs, I'd be going crazy if I had to drive 2h to go the property.If I could go back in time, I would say three things to myself:- more than 30min is too far for a first rehab- read J Scott rehab book BEFORE you buy the property- dont take on a big project, maybe paint, carpet and 1 problem (i.e. roof, bathroom or kitchen)I wouldnt try to find a team from far away.

Deborah,For the last couple of years we have also been adding humidistat switches with a built-in timer, in parallel, on the bathroom fans - particularly in washrooms with windows or light tubes - that way if the light is not turned on during a shower, or if it gets turned off when the person exists the washroom, the fan will run for 30-minutes or until the humidity falls below the preset level.

He ends up calling me three days before the financing deadline without so much as an apology to say, "Sorry, can't do  it in time," after weeks of trying to get a straight answer and hearing NOTHING.

I agree I would like to connect with the local REI group, I have been invited but I haven't been able to make any of the dates yet working 50+ hour a week and never getting off in time.

It is simply a snapshot of return at the current point in time based on a cash purchase.

As I just advised a friend of mine, "Waiving the financial contingency doesn't mean you can't have a loan (a common misconception)...it means you have to either a) have the cash if the loan doesn't come through in time and/or b) be prepared to lose earnest money if your bank doesn't execute."