Also an option to extend the owner financing after the 5 years if mutually agreed to. 

My only observation, as a kitchen-gadg-aholic, I would have liked the upper cabinets to extend to the ceiling.  

I tried to extend the interest only loan and was informed we are unable due to the lien.

      Hi All,I know a lot of people on this site have give me a lot of help over the last few months in regards to a problem tenant who would not pay his rent unless I extended his lease (along with many other lease violations) Thank you to you all who have helped so much with some great advice and options!

None of them have yet, but they also require you to submit your PFS and tax filings periodically (usually every year) to aid their decision whether to extend or not at the 5 yr mark.

It would be the tax-sheltered retirement plan investing in real estate (not your father directly) and there are rules associated with avoiding any kind of self-dealing, but this can be an effective way to take some of your father's savings and invest them in real assets that produce consistent income.As someone over age 59 1/2, your father has the ability to take distributions from a retirement plan, so if he can put that money to work generating income, then drawing off the income will leave the principal intact and therefore extend the life of the funds.This is just a tip of the iceberg post towards a set of near and long term, small and big picture issues your father will want to evaluate, but the key takeaway is not to withdrawal a big chunk of 401k money, just reconfigure how it is invested.

@Kent Baltare  Lenders will typically want some certainty that your visa can be extended through history of renewals.  

I spoke with the seller's realtor and he told me that he spoke with the bank and they have said that they can extend the short-sale approval if we can somehow convince the seller.

We plan to hold for an extended period of time but may sell in 2-5 yrs if the price is right.

Originally from Philly area, I currently live on the west coast but own a SFH property in Grad hospital and looking to extend my RE portfolio to MFHs.