Originally posted by @Stefan Tsvetkov:@Mia Shlomit Does the intended condo conversion aim to eliminate rent control for the building or another purpose?

The lender I mainly use now does 70% PP but the rehab draws are very easy, wired within a couple days of your request.

Not only is it the right thing to do to help them get their legal ducks in a row about knowing SPECIFICALLY what the seller did wrong, ie did not disclose and can prove it was done for the sole purpose of deception to make the sale "smoother" but it can help you look good and have you learn how to avoid in the future (as you say "tighten up your due diligence")It sucks when agents "help" 1st time or largely inexperienced buyers long enough to make the sale and get their commission but then peace out on the client when something like this happens.It It seems like you are attempting to do the right thing which is admirable bc at the end of the day, the court system is the closest thing to a "business police" that ppl can get. 

Properly structuring your bank accounts ensures that every dollar in your business has a purpose.

The good places to start investing at the moment are places within a 10 min drive from main urban centers, and which have different types of residents (not just tourism, not just workers, etc).Feel free to reach out in case we may be of assistance.

What’s the main reason you wouldn’t buy a property I’m just interested in ways to strategize a good deal when I see one

I like the strong infrastructure investment and overall job growth trajectory in these parts of Williamson County.We're also seeing similar job and infrastructure growth between Austin and Bastrop mainly thanks to Elon Musk's investments in the area.

There is a faster review/approval process if the exterior works are minor and for maintenance purpose.

One of the smarter recent strategies is the owner is living in the ADU and renting out both levels of the main house on AirBnb.I invest in the Bay Area and Indianapolis metro area (Class A suburb and Class C).

Or, once you finish your exchange you can immediately do a cash out refi, which is not a taxable event and you can use that for any purpose you want.