It would also have about $35,000 equity that I could liquidate to apply towards another property, debt paydown etc.I want to extend my ownership to at least 1 year and 1 day to qualify for long term capital gains vs ordinary income.  

Something that would be very useful, for example, would be a deep rolodex of debt investors who are looking to park money in safe 8% yield investments.

The slightly higher rate is justifiable to me in exchange for the extra flexibility.As far as qualifying for a loan, on investment property you can go up to 50% Debt-to-income ratio on these properties.  

., legal liability for themortgage debt) under State law, and the servicer may not necessarily have agreed to add the successor in interest as obligor on the mortgage loan.I think this is why attorneys exist.

They have their own longstanding business and great credit, but have been denied loans from lenders recently due to  some debt on the business.This seems like a crazy situation, I'm trying to figure out if there is a way to profit here, but other than negotiating a shortsale i can't see it.  

I prefer 1st position notes but certainly understand how others like and do well with 2nds.Initially the concept was very foreign and I often thought 'wait, so I am buying someone elses debt and playing the role of the bank?"

At some point will you sell a few to make a lump sum to payoff some of the debt or will you hold and simply let tenants pay it all off over 20 or 30 years?

Separate electric meters.Asking:  24,900Needed repairs:  15kRent income:  M-850      A-10,200Taxes:  M-43.60      A-523.15Insurance:  M-45      A-540Vacancy:  42.50PM:  68Maint:  42.50Capex:  42.50Water:  75Total expenses:  M-359.10      A-4309.20Net cashflow:  M-490.90         A-5890.80Property appr rate:  2%Rent appr rate:  2%No debt service.  

The only problem that I ran into, is that I have a loan out for an investment property in Hawaii, and because of that our debt to income ratio was a little bit off.  

Moreover, consumer debt levels seem to be manageable.