I assumed you have a buyer.Let's work it the other way,Purchase price $73,0005% estimated closing costs- $3,650.00(should be around 1500)Cmmission at 3% $2,190.00 Acquisition Cost 74,460.00Rehab Costs Estimated 10,000.00U Missed estimated by 50% 5,000.00Total 89,460.00Cost of carrying 3 months Est. 2,200.00Closing Costs Seller 1,400.00Total costs carrying and sale 3,600.00Sale Price 105,000.00(U came down 5K)Commission 3% 3,150.00Gross Income 108,150.00Cost 93,060.00Profit 15,090.00Bam!

"The following terms of the offer have been accepted:"To me, those are quite opposite statements, and writing down the correct one for your circumstance carries significance.

So, it the seller wants a higher price, they need to carry it.

I know these two things: Having lower debt ratio is good for your credit score and the overall debt itself being high is obviously bad.So if you have a $1k card and you only have $100 available credit that means your in debt 90% to this creditor.But if you have a $10k card and you have $5k available credit htat means your in debt 50% but at the same time a larger debt is carried.

Assuming that operating expenses will vary from year to year, what do you typically do in the years with minimal operating costs?

For example, if you have $300k in leftover revenue, do you pre-emptively spend on the ...

If the owner is willing to carry such a large chunk, perhaps you can persuade him to be in second position, and get a bank loan for a small first.

I had my private lender, carry back the 10% (1st TD).

Non-compliance carries STIFF penalties ($20+ if memory serves) so talk to your attorney about that.

Most likely this will get added to your DTI ratio because you won't have enough seasoning (two years tax returns on the property) so I would plan to carry it yourself, for lending purposes.

Or sell out and carry notes its easier and pays more.