The owners will form a committee and the committee will manage the development and the facilities through the full time Estate Manager and his/her team.Q.

I'd developed Alzheimer homes, was member of educational committee LA Alzheimer Association,  produced and hosted weekly cable program,  had an editorial column in major seniors magazine in SoCa.

Good luck at the loan committee review!

I had one bank take me to loan committee only to be turned down ( that is a first for me)  But when you don't live in the area pretty tough to get a bank loan for this type of project unless you simply deposit the amount of money you want to borrow in the bank and they loan it back to you.. ( now I know that sounds crazy but I have done that before to establish a relationship with a bank in Washington that led to  a 4 million dollar line of credit)  Any way.Got a referral to another bank..

I've experienced the same quandary you have, @Trey Knight, both my wife and I work, have 2 small (needy) children, volunteer our time on committees and community, and own 27 units, actively managing 23 of them!!

That is a number set by HCIDLA, the oversight committee in LA for all Rent controlled areas.

I'm an agent at the Keller Williams in downtown Royal Oak, where I serve on the Agent Leadership Council (ALC) and as the chairman of the Technology Committee.

Purchasing a 4/2 house for $45K with a 30 yr mortgage, added $12K in repairs, renting for $955/month.Purchasing a 3/2 home for $23K, added a new HVAC and duct work, and which rents for $750/month.Spending days mentally rehearsing my speech to ask for private money to fund the third deal only to have him say "yes" in under 30 seconds and on my terms.Being invited to be a part of the Atlanta Housing Authority's Landlord advisory committee, where I get to learn (for better or worse) the inner workings of the city's Section 8 program and hang out with investors way more experienced than me.     

An update from today -- "A bill intended to block Birmingham and other cities from passing their own minimum wages won approval in a state Senate committee today.The bill could now get final passage in the Senate as early as Thursday."

., excluded.)Not understanding the definition of a prohibited transaction when lending through your retirement plan.Making the perfect loan to a perfect borrower on a historic home, without knowing that there are three historic committees that must all agree on the repairs but never meet at the same time.