You need to wrap the lien ate the price/value is agreed to be.She is entitled to the balance and you need to pay the taxes.

One key thing they are looking for are NSF charges and negative balances.

its only my opinion but I think jumping into commercial investing could be very difficult road and potentially damage your friendship.

If she is just difficult to deal with, get a family member involved.Otherwise, if you don't have a center of influence to deal with her, you may need to evict at the lease termination and have her set out.

That means your total monthly debt allowance from an underwriter's perspective is between $900-1100.If you have no other debt (no credit card balances, no car payment, no school loans, etc), then you can probably qualify (assuming everything else in your financial resume is good) for $900-1100 per month.

I still have a BOA mortgage w/ 21 more years on it (technically, but I know I'm ahead on that) that I plan on keeping and paying down as quickly as I can afford.My friends have almost no money to put down and I'm planning financing them.I have a lawyer who I've used twice in the past for traditional purchases (one bank financed, one cash) and she assures me this is not a difficult thing.My friends have agreed to my asking price and my terms of the loan.We are getting a small premium on the sales price of the home and are loaning them the $110,000 at 6% over 30 years.We still owe about $75,000 of the original $91,500 BOA mortgage which is at 5.875%.I talked to my Allstate agent and she said we'd have to switch from homeowners to a Landlord policy.First question, does this sound like a fair deal for both parties?

It will be very difficult imo (not impossible) for you to get on that list being new.

I agree that your work schedule and travel make it very difficult for you to do that; and run a construction job.

Makes it difficult to find homes to buy cheap.

If you had only held it for a few months, and then sold it, I would be concerned that you would have a difficult time showing intent to hold for investment.