There are far too many regulations, the transaction is a much longer process, and we are talking about someone's biggest purchase.

We worked him through the process, brought him a contractor, and gave him all the resources along with giving him tips on layout and all.

If someone had gotten hurt and sued for $1mm then these coverages would have kicked in.Having been thru the claim process on a total loss.

best wishes  i dont do gap funding at all.. so no.. not something I would do we do JV deals every week but we have zero debt all cash and we control the process. 

Just plan for reserves if it takes a year or two to break even.Take your time, do the research, and trust the process.

From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

I do have experience working in Mortgage Processing and more recently Commercial Underwriting, so if anyone has questions in those areas I would be happy to help any way I can!

I'd offer him his $190,000 if he will take payments at 3%, NO BALLOON, you'll make good money and get tax write offs. 

So, I'd say my wife's "honey-do list":)Regarding rental properties, it's that no matter how many processes you create to handle problems, there's always some new problem:(

No major thought process here very simple..