Brass gold is back in.

However, I offered them only $7500 down and got a rate of 3.5% on owner financing.I have another deal I'm working on that is a 53 unit portfolio that the seller will carry the note and is giving me incredible terms. 

Unless you can get bids for the work and cost analyze the difference between the work required and the actual bills I wouldn’t go spending thousands of dollars to separate the utilities apart unless that’s the gold standard of your area and besides saving you money is going to increase the value of your property.

Big storm blew thru.  Just locking up and checking on things. Double rainbow.  Analyzing doing a new Storage location development. Just have to tighten up the numbers then I’ll post if we go forward.   Keep doing deal...

It sounds like the ONLY benefit in this deal is the 0% carry-back and you are trading that for a reduced rental rate renting the property back to the family member.

I know some people that have property free and clear don't care if they lose it and only carry liabliity insurance to protect against accidents on the property, medical or legal bills, etc.Do I have no other recourse but to carry full coverage?

While private lending can be lucrative, it carries risks such as borrower default and property devaluation, so thorough due diligence and legal protections are crucial.

So paying someone 30% to carry your food across a room is a-ok but if that landlord dare raise rent on the HOME I live in.....

Most of our housing stock is 60 to 120 years old and requires a lot of capex, especially the bottom of the barrel properties are typically fools gold, because capex will exceed cash flow over a few years.

The roof is from 2008, and I assume the bank is carrying insurance on the property.