This will allow you to make decisions about the property without emotion and the PM can handle the tough conversations.

Engineering , permits , stormwater management system , clearing , reforestation fee , sediment control , and landscape bond , all this would run you around $175K .

Also, you do not control it inside a syndication, it's decided by your syndicator.And there're several other complications we're not discussing here.

For something like a mailed money order, I use the post mark because its a bright line and within the tenants control if they take it to the post office themselves. 

If the properties are in California, check to make sure they will not be subject to rent control once put into an LLC.

You can keep renting and saving but that doesn't give you control of that living situation and money that is not working is losing value. 

You should have masks with you at all times for environmental pollutants when looking at hoarder houses - animal feces, dead animals, asbestos, gas, etc.As for protocol, hoarder houses are not an easy buy because if the resident is still there it's not a money issue, it's an emotional issue.

I dont care to ever be a land lord, GP or LP, RE seems to be either a lot of TTT ******** or you invest as an LP have no control over what’s going on. 

I purchased similar to you with all parties agreeing to the terms (8% below appraisal on property with drastically under market rent in a rent controlled jurisdiction).  

@David WillisReviewing the ChatGPT response above - if you go with a bridge lender they would probably want to refinance out your other portfolio to be in first position on those assets - I don’t know of any bridge lender that would go into 2nd on all of them unless it was more of a mezzanine lender against the company but if it went bad they step in and would take everything (literally) as mezzanine debt takes ownership and control of the company.