Detailed Due DiligenceConduct in-depth due diligence, including background checks, reference calls, and site visits to assess the sponsor's operational capabilities.

Basically this is referred to as a "purchase money 2nd lien"...but with it you can refinance right away, no waiting.Hope all of that makes sense.

You gave me a lot to think about, I am confident the rent can be increased and have a contractor/property manager lined up who has inspired a lot of confidence and comes with good references. 

What type of red tape are you referring to?

Yes please refer me.

I have few references need to finalize them and see if they can manage 12 unit or not5.

Hey @Jay Ritchie - We have a couple of decent Chicago plumbers we could refer. 

I had one of my guys run the addresses on each of the properties he referred to, information is a bit exaggerated, to put it mildly ...

@Daniel M.I used a woman out of Texas I can refer you too

Really ensure you are talking to references in this case to understand the person.2.