@Buddie Slone I believe that the loan balance will have to be larger to get a Fannie Mae loan.

Again, refer to the CDC site.Bottom line is how badly do you want to achieve your goals? 

First it was a FSBO and found out they wanted to get out under the balanced owed because 1 of the owners is sick How did you find this deal and how did you negotiate it?

Key TakeawaysEven a simple understanding of the cash flow basics can improve an investor’s ability to realize profits.There is perhaps one benefit buy and hold investors covet more so than any other: rental property cash flow.Real estate cash flow is a great goal to strive for if you want to realize a passive business strategy.You could argue that there is nothing more investors aspire to achieve in the real estate industry than passive income.

Every month I would add a little towards back balance.  6 months ago he started charging me 75 extra a month saying that was a late fee for the back balance until it was paid off.

@Will Graves well Will what do you hope to achieve in Real Estate?

It's hard to tell what is happening to the overall money growth at the moment, but we know that private money growth has slowed (for obvious reasons) and public money growth has accelerated.Velocity of money could potentially be impacted the same way that it was in 07-09, when people responded to uncertainty and reduced incomes by pulling back on spending to pay down debt, build up balance sheets, etc.

How you achieve that can be numerous, but it all starts on very simple rules.

I'd get it rented asap and the probably bill her for the balance.

I also don’t want to overdo it either, I’ll have to find a balance