Since that time, bulk owners have purchased thousands of units, some of them at bargain prices, and now seven years later, most condominium“The Florida Distressed Condominium Act was essential to the recovery of Florida’s condominium market”, says Carlos R Arias, Partner with Arias Bosinger, PLLC.

However, from my understanding, house hacking is essentially splitting a property into two parts, business and personal.

This structure gives the investor a chance to get out of the ARM with little or no penalties after year 2 (1% is almost negligible in most scenarios) and essentially gives a 3 year window to refi before any adjustments ever occur.

Essentially this property never hit the market for re-sale.

I know there is talk of creating a virtual mentor program (I think essentially where you do a case study online) but nothing is finalized there yet.  

In conclusion, keeping ownership stakes consistent is essential for rewarding the partner who took a higher risk and for encouraging everyone to stay equally invested in the success of the business.

There are no shortage of lipsticked pig properties out there, and learning to spot them is essential for successful RE investing...we're all susceptible to "shiny object syndrome", but being aware of it is the first step to avoiding it!

This is where you will meet with a notary and sign all of your final refinance paperwork.7.

It is your friend that needs the paperwork!

The way I see it, it is not my responsibility to take money out of my own pocket to fund the sale of someone else's property (which is essentially what happens if you spend more than you earn on selling a listing).