., the balance you owe.)

I'm considering offering my partner to replace his cash investment in equity in the property with a note that is 30% higher in principal balance than his cash investment (to account for some appreciation in the last year), and a 12-15% interest rate, secured by the property, and my own personal cash flows. 7-10yr amortization, or interest-only.  

Legal wrap that is a good one.. take out the alienation clause and there you go.. one simple sentence removed from the debt instrument and you have a whole knew lending programfor long term buy and hold 6 and 8 is not bad really.. if you can't get conventional.. its on the lower end of what i know or see.. as long as the 6 is it.. and they don't add on another 3 to 5k in junk fees.what many don't get when they shop loans is they focus on points when in fact many lenders make more money on the junk fees as the points.. small balance loans will have 8 to 10% when you add in points and junk fee's thats what i see on all the huds i look at during the week.. might be 1.5 or 2 points but then 3 to 4k non recurring lender set up and junk fees

@Matthew Pastore I think there should be a balance between keeping a good tenant and allowing that good tenant pay below market rate rents. 

Several of the questions deal with "buyers" intentions of closing, past history of purchase within the past few year, past history of assignments in the past few years, banking balances to prove whether he had the ability to ever purchase and fulfill that contract.

At this point I'll have to see where I am at and balance that with market conditions to see if selling or renting it out is the best options.

I was reading a blog page and the advice given was, to paraphrase, if you can't create a budget and statement of financial condition (balance sheet) for yourself you shouldn't be investing in real estate.........Yet.

Negotiate a write-off of half the bill with the hospital and pay cash for the remaining balance with my money I have saved for a down payment.Outcome:  I could still have dinged credit because of the write-off AND my cash is now gone.Does anyone have any suggestions or ideas to minimize my "cons"?  

I would never do this behind a lender you can't talk to and have an understanding with... hope that helps and is fair and balanced response.

Carrying a high balance on your credit cards will definitely hurt your credit slightly.I suggest paying them off if you can.