The person does pay her back and she did report the interest income. 

With a great 3.25% rate and a real cashflow of close to $400 per month this property pays dividends every month.

You could potentially sell the property and pay practically nothing in taxes!

So unless they really need to sell and they believe they wont incur further costs getting you to pay or taking the property back when you don’t.

Background context:I have a 805 credit score, low DTI and attempting to secure the lowest cash out refi to pay off a debt ($50k).

Averaging homeowners about $4,727 and recovering about 189% when you sell, not only will this project pay for itself, but it will seriously improve your curb appeal.Stone veneerAdding a stone veneer yields a high return when you sell your home .

The roofer gets up on the roof and finds wind damage , and then the homeowner files a claim and the insurance company pays for a new roof less the deductable .Then after they pay for a new roof , you drop them and get another insurance company . 

There are times to pay down debt, but certainly not while you are trying to grow. 

Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Do you want Phoenix proper or do you want one of the surrounding towns?