I know you see a LOT of posts @Jay Hinrichs, so give it a few days and I'm sure just like the Justin Nyugen guy we got, more people will feel comfortable coming out of the woodwork bringing up some cases related to these name which will help law enforcement. 

Which will bring plenty of other investors and general business to the area.

Always visit the collateral yourself.3. draws are done after you personally visit the property to confirm work has been done and if you dont know anything about construction bring someone who does.This is for mom and pop one of lenders this may not be possible for those doing lending at any scale..

Step 6 (start networking group): After attending the local REIA a few times and receiving a lot of value I realized that starting another group would bring at least twice the value.

I have to believe there is a way to bring this property back to life without impacting mom's care.

IF you were to renovate a non-conforming unit, that unit would now need to be brought up to code.When or if you rent out the unit, you, of course, run the risk of the tenant calling the city and saying the property isn't up to code, which would, in turn, cause an inspection by the city and likely result in some violations that would require you to bring the unit up to code.These types of units are ALL OVER the city of Chicago and be rented out on a daily basis, but there is still clear risk associated with renting them out.

When a developer brings me into a project, we always have a due-diligence phase to vet the site and look for anything that may be a roadblock before the project fully moves forward. 

While I’ve recently joined Intero Real Estate in Fremont, I bring a data-driven, analytical approach to real estate, thanks to my engineering and project management background.Over the years, I’ve lived in various parts of the Bay Area and have developed deep knowledge of local neighborhoods, schools, and market trends.

If I see a guest drop the A/C down to 60 degrees, I do bring it back up.

The amortization of the loan by itself plus depreciation would probably bring your internal rate of return well over 15%.