Too many units, probably many with the same rent and you couldn't trust each tenant to use the supplied bank deposit slip or write identifying information on the slip.

Non-recourse means that there is no recourse that lender has against you or your IRA, property is the only security for the loan.

I'm off to a good start with these rentals--I ran background checks on my tenants, collected a full month's security deposit, setup online bill pay and have good tenants who are paying on time.  

The sink cabinet floor MDF was swollen and the drywall with the water supply lines under the sink became moldy and there was water pooled under the sink in the cabinet.

I need else's property for 30 days in return for $50 000.00 to secure a $15 million loan already approved.interested in oknvestinginvesting in wholesale proproperties in California?

Ft built in 1983 and the asking price is 135KMonthly Rents: $ 2,475  Annual Rents $ 29,700 Annual Vacancy 4.0% $ (1,188)  Annual Expenses 55.3% $ (16,418)  New Taxes 1.25% $ (1,682) Annual Mortgage Payments $ (6,338) this is a unit in a condo, the condo complex has tennis courts, swimming pool, community laundry room, and security gate (i'm workign on the comps with a realtor)Does that look like an attractive deal finacially?

I have an LLC with nothing (no credit card, no assets)I understand (generally) that in order to initially get 'business credit' for the LLC one must use their own 'personal credit' to secure a loan. 

In such cases, you may not be able to evict but will need to foreclose and that means a judicial foreclosure as you don't have a security agreement with a lease option. 

At the closing you should have received any security deposit money and any rent money that was received for the month of August prorated to the 3rd.If you didn't and/or if it wasn't even mentioned throughout the closing process ask your lawyer/title company why this is.

While we can technically get away with the thinking of having less restrictions, requiring more security, making demands such as life insurance being pledged on a key person as a borrower, drill down to the assumptions in commercial that allow greater leeway.A more sophisticated borrower, conducting business with a purpose to make a profit as compared to an unsophisticated borrower attempting to secure personal needs, such as housing.However, never think that "predatory dealing" or "predatory lending" or violations of fair trade, or what is customary for the size and scope of a transaction can be swept under the rug.