1 - What makes you think you could sell it, and not take an additional loss, if it wasn't already sold?

In addition they will need to perform an appraisal on your property as this will determine the actual amount you can finance.

C corp is going to be a bit more costly and additional taxation.

Additionally, since we are looking for fixer uppers, in what conditions would a bank not cover a house with a mortgage?

I'd love to eventually get to this point and I've read and heard on the podcast that you shouldn't necessarily start small, so I figured I'd try to run this property through my calculations.That being said, I'm trying to understand some of the additional costs that may be involved with a property of this size.

I've never actually wanted to do this before, but now I'm considering it.Does making a partial payoff on the principal of a standard fix/flip hard money loan(12 months interest only with balloon, no prepayment) actual...

You may not be able to access it easily, it is still your moneyTOTAL impact            203 a month This is with out considering the  additional 100 a month cash flow.

When the notes got paid, we had planned to keep purchasing rentals, and have the additional income from the new rentals, start paying down the old, and “snowball” the payments, maybe even purchasing some newer rentals on15yr mortgage. 

If you get lucky and there is some urban renewal that eventually takes place then you'll have decent appreciation or at the very least you could exit by rehabbing the houses, placing additions, whatever it takes to get the house to full retail level for whatever is going on around you and then exit.But if you look in Wichita at a couple of neighborhoods that will never appreciate and have never appreciated - Plainvew and Hilltop - they'll only appreciate if they take a bulldozer there like they should have/were supposed to after WWII/Korean wars ended.

He thought that I'd only be able to rent the place out for $1000 a month and because of putting in the new wood looking tile floors I'm getting an additional $400 a month.