This is effectively a retail sale.

Sort of like a trampoline effect when you jumped on them (maybe not quite that bad but it was bad enough that you could easily see the ceiling bounce when you were downstairs in the living room and dining room.

Upon acceptance of this Letter of intent both parties agree to effect the creation of a mutually agreeable Purchase and Sales Agreement within 10 (Ten) business days.This LOI is not legal binding.

I believe its an effective apr of about 7.5%.30 year PITI = 575Mortgage balance = 56,000assume appraisal should be between 65K to 70KTrue ARV probably closer to 65KRefinance numbers :PI + PMI = 300, 325 or 350, depending on credit.

What can I do to effect #2 and #3?

I definitely do not want to be throwing money away, but doesn't it seem a lot more cost-effective to just RENT for 1-2 years, and then buy a house.

Depending on the state laws, the agreements may not be in effect anyway, and you can institute new agreements.

I've never done flat fee before but it seems very cost effective if you know what you're doing on the transaction end.

You'd need more data to determine the actual effect of -200 sf and -1 half bath.Comp 2 is several months old and the square footage doesn't easily reconcile with the number of beds/baths.

Also the cost of doing a warranty deed transfer for each property (I'm not sure if a quitclaim is an effective way of transferring in this situation).Alternatively, maybe she could leave the houses in her name and get a general liability, commericial or blanket policy that covers more than the standard umbrella policy?