We are a landlord friendly state and I have assisted many investors from Cali!

If the tenant is dilly-dallying in paying the repair costs for (not wear-and-tear) damage for more than 1 week.

And we are processing more each week.

We are just trying to provide the best affordable housing at a great price. 

Recently, we created the first (as far as we are aware) residential assisted living focused fund and have successfully raised for multiple homes, giving our investors and us exposure to the cash flow, and equity upside that comes from owning the real estate and the business.

We are debating between selling our first primary residence or keeping it as a rental.

If we buy this loan, we need to have a thorough game plan on how we are going to be resolving this and understanding these dynamics is key to managing expectations and protecting investments.Sounds like a deal more for someone that buys partial inheritance estates and spends years piecing it together than a note investor.  

If things are tight right now, maybe consider a side hustle or extra job until rent adjustments give you more breathing room.

Pressure test is not on the table anymore, mainly due to lender's inability to communicate.My realtor is just trying to work with what we are getting from Chase and trust that the underwriter, appraiser, etc are competent enough to see that this is a good deal.

I don’t know where this is at currently as we are in Minneapolis, but as far as I can tell it’s been a bit of a boondoggle!