I wouldn't ruin my credit for 250 bucks a month.I highly doubt it would take 10 years to reach a payoff you could handle.A residential recovery and workout of toxic loans is at max about 3 years away on a national level with some areas performing and recovering much faster.Why not go to the bank and say rents have gone down and I am struggling.Ask for them to renew the next time at 3 or 4% interest.That will make the gap smaller and go up in rent just a little but not much.Yes insolvency will wipe out any 1099 phantom gain as long as your liabilities exceed your assets.Most local banks all have you sign a personal guarantee.They consider it YOUR WORD as a vice president has told me that you will honor your contract (one of my clients short selling an apartment).The bank said at that time they DID NOT want to short sale and favored instead writing the interest rate down and extending the loan another year at a frozen rate and see what happens.Banks do not want to DUMP everything like people believe.They only cut out properties they see as having no chance of a recovery in the future or a liability if the took back (war zone,environmental issues).In that case they will usually sell the note if it has environmental issues or they don't want to foreclose.I would try the options I have above instead of ruining credit.

Being that this is my first flip, I'm very cost conscious, but at the same time I don't want to run into a headache by paying a dirt cheap price and having the work messed up.My question to the forum is, what is a good price to pay for the new furnace/ac/new ventilation?

So the $200 median isn't a big deal compared to the fines that have been issued already; all you need is one environmental activist to report you to end up paying dearly in fines.My main issue with this is the burdens that go with performing work in a compliant manner.

But don't be so fee-conscious that you ignore the relationship.

The momentum allowed him to place all of his focus on something new to improve on during the following week, because thanks to momentum he was able to place less and less conscious focus on something that used to give him a problem.

They don't build the roads, run the utilities, do the subdivision permitting, handle the stormwater design, environmental issues, zoning, grading, or anything else that goes into building a residential subdvision.There is a huge amount of expense involved with getting a site "pad ready" for a builders like these and unfortunately there are no "rules of thumb" that are going to let you quickly estimate what this is going to cost.You have a lot of due diligence to do my friend before you go down this road.For starters,Is the land even zoned to build these single family homes on it?

Here's the question: WHAT TEMPERATURE ARE THE ENVIRONMENTAL WACKOS SHOOTING FOR?

Environmental studies might be required, too.

They made a conscious decision that they wanted to focus on the properties and leave the PM to who they consider experts.

Entitlements is essentially getting permission from the municipality to build what you want on a site with regards to use, density, building height, setbacks, traffic impacts and environmental issues.