So the family/friends rehab loan payment would be on top of the mortgage. 

I have no mortgage on the 3 unit building (roughly valued at $70,000, and a single family home (roughly valued at $60,000). 

Varun,Typically, the Insurance company would not contact the Mortgage company unless the policy is being cancelled.  

I can send you a questionnaire about the property/deal and get you an option of possible lending terms11 Capital Finance is a nationwide commercial mortgage company that works with hundreds of lenders in the United States.On the Permanent Side we do: 1.

The house is fully paid off, so any construction work will need to be financed with a new HELOC or mortgage. 

From what I understand, a short sale is an agreement between the current “defaulted homeowner” and lender to sell at a price that will attempt to cover the mortgage, but once put under contract or sold does the “defaulted homeowner” have the option to recapture the home in a short sale as they may in a foreclosure?

Hi All,I’m new to investing and am getting creative with getting my finances in order.My original plan was to add my name to the deed of a house owned by my mother which has a minimal mortgage remaining(about $50k).

Try using a mortgage broker who will be willing to do 10 finance mortgage property.Best of luck!

He's paying 25% of the income on utilities but the rents are at market which indicates you don't have room to do any better.You don't indicate how you would finance this but it looks like 50% of the income would be going to utilities and your mortgage.

While it may not be that much cheaper than a whole new kitchen , it’s a lot less work.