Time is money—choose someone who can execute efficiently without disrupting your revenue.8.

If you have this debt and need money, you may not be preparing yourself for the challenges of being a landlord.

This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties.  

Consider partnerships or private money lending to boost purchasing power.

You think working harder equals making more money.

Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).

I did not like the first two candidates so we are still working on bringing in the designer.I actually think this is a great way to keep accountability going. 

You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

I assume you meant, regardless whether the person named in the note actually lends their own money, it's still owed to them because the agreement is binding. 

(cost of buy-down in dollars / monthly savings vs the free loan = # of months it would take to recoup the money spent). will you keep the LOAN at least that long?