I have not assigned my option to the new tenant buyer correct?

I don't know if I am planning it correctly or not.

Even if its correct, and you're thinking you'll avoid PMI by doing a refi that's under 80%, you'll need to have a loan balance on the refi that's under $264K.

Eventually we would like to have a page where they can pay their rent via PayPal or some other method.also - it allows other potential investors the ability to see our site and get more info about us. we also have a blog link on our website that has more info.I think that in general a website is one more tool to put in your arsenal for marketing of your business.

But I am unsure what they are.Does this sound correct to those of you with more experience and have been following the news about the bailout?

That's not exactly correct.

.$70,860/12 months = $5905.00 NOI per month$760,000 @ 9% for 30 yrs = $6,115.13 monthly mortage paymentFor a NEGATIVE cash flow of $210.13 per month.So, shooting for $100 cashflow per unit, I would need to purchase at around $435,000.I pulled the 9% interest rate + 30 year term out of the air, so any corrections on the reality of such a mortgage are appreciated.Do my calculations look right?

We've run through the data many times and the current numbers are correct.

Is it correctable?

If so, correct that before doing more drastic actions.In a worse case, you might have to add drainage along the outside of the foundation or reseal the outside of the foundation.