This part of your math just isn't meaningful:69108/160= 431.92 (interest payment per month, as a constant over the life of the loan.)431.92.x 12 = 5183.11 (annual interest)5183.11/62135 = 8.3%In the early years there's more interest each year on the larger balance.

It is his hope that propping up asset prices will encourage investment.

I encourage everyone to check them out.

I like one post who he (humbly) brought up how he got in an argument with his tenant; he came on here & stated his mistakes & what he will learn from them & encouraged feedback.

And they call HUD and encourage others to do so, too.Think about this from a more skeptical perspective.

well one thing that was encouraging was that bank had requested I resubmit a page of the addendum with another initial (missing from original submission) and this was after the other offer had been submitted.

My advice, make them finish the transaction quickly and encourage your agent to bring you back-up offers.

I really encourage you to get it checked out by a rehabber.

Eddie - it's encouraging to here a fellow "newbie" getting some deals done.

I would encourage you to talk to a professional on the matter.