I also know his dad (Russ) who works the business together with Tim and he's REALLY smart when it comes to rentals and serves on the local REIA board.

Russ McKelvey, is it a total of 4 units including the Victorian?

Russel, I don't have any idea why your post was removed.

@Russ Draper Hey, Russ!

Originally posted by @Russ Draper:My "gut reaction": don't rent to friends! 

For example, the Creative Financing group with Russ Hiner and the on site renovation group (where you can see actual rehab projects in progress) provided some background and education.

Thanks @Dan Moore, @Russ Lockamy, @Chris Connolly & @Adam Ward!

@Russ Scheider - it really sounds like things are tight there for now and I imagine that many of the deals to be had now have very thin margins overall.  

Originally posted by @Russ Draper:I think that you can file for an easement since the house has been there for so long. 

Here's an update tonight from Bloomberg News:"Interior/Exterior Building Supply Ltd. of Louisiana agreed to pay $8 million cash and assign $72 million in insurance rights to resolve claims by thousands of U.S. homeowners whose properties were ruined by defective Chinese drywall.The deal is the first such settlement with a major supplier and a number of its insurers, Russ Herman, a lawyer for homeowners, said in a statement.Lawyers hope to negotiate a similar settlement with Banner Supply Co., the Miami-based firm that supplied the vast majority of Chinese drywall in Florida, Boca Raton attorney Allison Grant said.The tainted wallboard was imported into the U.S. during the housing boom and following a series of Gulf Coast hurricanes."