So, it may take some searching to find the right bank.If you're intention is to build up a large portfolio, and the properties truly cash flow with the loan payment, maybe you want to use the cash they're generating to add to your portfolio rather than paying them down.

The main reasons are the population of these two cities are growing fast, there will be high speed rail station built up in Palmdale which will help local development, and finally these two cities are within 60 miles radius of LA.

Our intention is not to rent but to move in ourselves.

I also asked if I were supposed to get the deposits and prorated rent (the building closed on the 10th and rents were collected on the 1st) and have been told by everyone 'I don't know' so mainly my questions are 1.

Since you didn't buy this with the intention of renting it, it's not that bad.

location to main town?

Bill Gulley - Go to the main forum page and click on the tab that says, "My Discussions."

Search the main forum for Denver meetup.

The main reason is because I don't want to always have to replace carpet.Has anyone had any issues with the tile cracking?

., real company, real funds, real intent, etc.Just in fun, use Google images and search for "seems legit".For all I know what your doing may be fine, but be careful, from everything you have said I would be very leery.