Your thoughts on vacancy rates and rental rates for MTR's, specifically for 2/2 and 3/2's for healthcare or corporate folks in the area?

Ok lets take a step back and please dont take this the wrong way or think I am being condescending however here is how loans go.1. you have the borrower  who I guess was introduced to you and is on BP and talks about doing JV s and deals etc.. 2. you agree to lend money on one of his/her projects.3. you identify the property and the amount your willing to loan.4. your borrower will open escrow so you get a lenders policy of title insurane and insure your docs are recorded correctly.. most will prep the mortgage or Trust deed but most will not prep the note they will want an attorney to do that.. 5.

Despite being a market with elevated prices, it continues to attract international buyers and is a symbol of global status.5.

Quote from @Jeff S.: Well-intentioned, but there’s some uninformed advice here and misunderstandings about what can and cannot be adjusted.

New construction SFH starts in the 300’s and while those won’t meet the 1% rule in the first few years of ownership, they will eventually and the lack of maintenance keeps costs down.

Turbo-tax is a software that has different versions(the more advanced versions allow for more capabilities and forms to be completed).The software, like any other, is only good as the input.Garbage in, garbage out.If your tax return is simple, someone with only W-2's and a few interest /dividend accounts, I think a software like turbo-tax is great.If your return is more complicated, I would consider working with an accountant.

@Jackie Liu you probably have enough info to deny their application, but if you want to continue to try to approve:1) Ask applicant for copies of their lease(s) to support they've been there for 4 years and who PMC is.2) Get 2023 W-2 to see what address is on it3) Ask them to obtain and provide you with their FULL electricity account history.

Quote from @Tom S.: @Jesse Dominguez-Castelan You should also explore one of the quickest options to this situation - reach out to the seller financing provider and see if he'll extend the balloon a few more years.I did this in the past when my 5 year balloon was about up, it was a simple email checking if he was happy with the arrangement and would extend an additional 3 years. 

The other investors will be, out of state, passive investors.I was thinking to create an LLC taxed as an S-Corp?

BUT a fkip of a 1940's (etc) house needs new ducts, that IS a permit and inspection I agree.