Rental properties are excluded from 50a6 law however lenders sometimes chose to follow it still as an overlay (additional layer) to provide protection because sometimes borrowers falsy their occupancy to exclude them from 50a6 law (like saying you dont live there and pretend living elsewhere when you in fact do as a borrower live at the aforementioned property).

You have to have eyes on your project every day to stay up-to-date and worst case, weekly.

Just make sure to check their credentials and experience, and find someone who can explain things in simple terms.Also, keep an eye out for any red flags, like promises of huge refunds without a thorough review or pressure to pay a percentage of your refund.

You are dealing with sensitive information not just for you but for others.Is there a secure portal to keep not only your information protected but also that of others.3.

I'll keep an eye out

Hello, I was wondering if there are any scripts available to craft offers for BRRRR/Fix-n-Flip projects that allow use to back out if the project will cost more/inspection is worse than anticipated, while protecting earnest money.  

In my experience, cash flow is key, especially for long-term holds, so running a detailed DSCR (Debt Service Coverage Ratio) analysis might be a good step here.On the flip side, if you're eyeing faster returns, a flip might be more lucrative.

Of course we filed a response to their request but if we did not have an attorney it could have been approvedYou won’t be able to foreclose while they are in ch 11 so definitely get an attorney to protect your interests

So just go in eyes wide open that it is a risky sector right now.

This structure helps ensure that if one property faces a lawsuit, the other properties and their income streams are protected.