Jay I know you are a player in this space as well - but I am curious to your opinion on finding decent loans to buy.

Their pictures of the leadership team is sketchy as well. 

I called my local insurance company, as well as two major companies and was told "good luck." 

The deal is risky unless you know the market well, have experience executing this strategy, and have accounted for the quality of the asset and tenant. 

So I would like to get these things hashed out well beforehand as something to present to potential clients and have procedures for my company.

Well you can probably get around $70k out of your $300k property on a HELOC.

If you want to toss everything left into a dumpster before you have legal confirmation of him completely vacating the unit and confirmation that you can trash everything left behind, make sure you catalog it well.

Are you thinking of acquiring in Iowa as well or are you open to other markets?

– Considering Class A properties with established tenants• Less focus on appreciation – Prioritizing income stability over potential future gains Current Opportunity: I’m evaluating a retail property in downtown Portland with:• >80% occupancy, most tenants in place for 10+ years• Decent cap rate (6-7%), NNN lease• Well-maintained, high-quality building, with existing HOA which will take care of maintenance. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.