In the event I'm a big fat failure they can foreclose by doing an SPE (Special Purpose Entity) Transfer of the LLC in which they become the managing owner and it doesn't affect me personally.

Do focus on making a fat list of properties, make a list of the UGLIEST houses on the block.

John,I am new here at BP but pass through Concord all the time traveling from Hillsboro to Portsmouth almost Daily.Would love to meet up and chew the fat if you are interested.Let me know.Stephen

@Jamison HaussmanOK, so here's what I know about the market in Honolulu...a big fat nothing.I suspect that's sadly among the more insightful responses you're likely to get in this thread.

But the hardest thing to do is sell to an end buyer/occupant, even at a fat discount, when there are still updates to be made -- hell, you are an RE agent, I don't need to tell you.So maybe find a local rehabber that has some crews he needs to put to work for 3-4 weeks and price it out. 

Sounds like a big fat mess! 

Yes, there's broke college girls on there looking for a guy to pay her regularly, but, there are also business women, doctors, etc, who also realize the need to trim the fat.

Lost 8 pounds of fat and only 1 pound of lean body mass in the process.

Or maybe after a few years you decide one or two are just your "problem child" and you want to sell them to reduce your headaches by trimming the fat. 

For financing, am I on the right track with who I've talked to already, or do I need be someone who throws leverage to the wind and simply keep a fat wad of cash for PP+Rehab costs in my bank account until it's time to use and simply skip financing all together?