A renter for a stand alone rowhome is usually a different profile from a large apartment complex renter in my experience.

Hi Corby,I definitely need to find a CPA with real estate experience. 

It happens, which is why I'm posting this story so others can learn from my experience.  

I have investing a bit in REITS so that's something I just learned about recently.Regarding Peer-to-Peer Lending or CrowdfundinIs any any platform you have experience with that you could recommend?

It is my understanding (per our zoning attorney) that RT4 zoning should allow 3 units but whether the current construction of the building makes that viable or not is an issue.Not an expert by any means - just our experience with zoning and digging out basements in Chicago.

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

You will learn the most from first-hand experience.

In our view, experience and integrity are by far the most important parts of any private loan.

He has extensive experience with hotels and renovations.

The information shared is based on my experience and industry knowledge and should not be considered legal, tax, or financial advice.