As a region, the phrase “The Poconos” is linked to a wide variety of areas that have much of the same allure in common.

Is that common in your area? 

Through agency debt at ~67%, pref equity from an institutional investor and common equity from our investor-partners.

**Due-on-Sale Clause**: The existing lender could call the loan due when the property transfers ownership, though this isn’t common if payments are made on time.2.

Finding a hard money lender willing to cover 100% of the rehab costs up front is less common, but it’s not impossible.

Then there is a central system that is outside of the doors on the ceiling if one of those in the common area goes off then it sets off the alarm for the whole building.

The industry found better ways to make pop cans aluminum versus metal, recycling became more common and 35 years later, you don't hear about this anymore.

Common mistake by those new to real estate but this 45k in equity in accessible.

While there are several reasons why you can be targeted for an IRS audit (including running for an office, it seems), the most common reason is the IRS computer finding enough "red flags" in your numbers. 

Offering a credit instead of actually doing the repairs is quite common.