Example:Purchase Duplex property for $80KDown payment $20K (plus closing costs$60K loanNo Rehab Refi 6 months later 70% LTV ($80K Value) with New loan $56K$60K - $56K = $4K remaining on original loan.  

For the rest we remain in them with our own capital.

At this point it's mostly interior cosmetics and bathrooms (full gut) remaining, about 8 units. 

At this point it's mostly interior cosmetics and bathrooms (full gut) remaining, about 8 units.

Having someone in the house doesn't prevent you from selling it, it just means the new owner will have to honor the lease and you would have to give them whatever payments remained.

Hi all ,My father and I have worked together on a number of flips, though his rental properties have largely remained separate.

Are those current rents market rate, or are they artificially inflated?

My properties also have appreciated quite well and I hope they remain that way.So for a MF, I look at more of a cash flow instance to acquire more funds for saving and purchasing.I'd say your have a good deal relative to the all in cash and cash flow you would be getting.

That may help motivate the remaining tenants to play nice together.

If the question was brought up to the tenant, it would be best to keep it casual yet remain firm with your expectations so they don't develop the idea that you are leaneant with due dates.