Qualification for these loans is a bit more strict, but if you plan to personally occupy the property for at least some portion of the year, and to retain ownership exclusively, then this might be an option for you. 

What do you think would bring the highest returns, a remodel and retain current usage, or tear down and re-develop or sell as a ready-to-build lot?

Plus by retaining your objections you have an out that will let you walk away from a bad acquisition with your earnest money in tact. 

How many tenants have the funds to pay a retainer fee to an attorney to handle the lawsuit?

I have a question, has anyone ever successfully convinced a property management firm to allow the owner to retain broker rights to the subject property, control of maintenance (we own a contracting company) and also allow the property owner to be signatory to all accounts associated with the subject property.

Finally, in October, we had all three leased up and refinanced ($50k of initial $200k capital retained as equity).Deal #'s: $398k purchase price, 20% down conventional loan, $120k renovation costs ($33/SF), gross rents $6000 / mo2021: With my 12 month sabbatical coming to an end, I said f*** it, decided to pursue RE full time, and submitted my formal resignation.

My plan is to retain ownership of the property after the refinance and split the profits.

In my state it is common for a listing agent to collect a portion of any deposit you retain for example 50%.

Now that I’m dealing with the commercial, I have to double the amount of research and learning that has to be done, and a lot of the time I have a hard time finding commercial laws, etc. that being said, if you’re a successful business owner with 40 employees, hopefully you can afford carrying costs with vacancies if you need to slow down, or afford attorney fees to have a good real estate attorney on retainer to save you some research.

Looks like if we were to build up the berm higher (or some kind of retaining wall) and over a certain distance to where the property elevates we could avoid this in the future.