Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Louisville MSD just increased rates 7% again and this year we are averaging $700/month between water+sewer bill which has basically bankrupt the association as all prior years were budgeted for half of this.

(don't think we have time or knowledge to pursue that) . alternatively the lender has asked us to work with a commercial lender.. we have not done any commercial loans so far, but basic research provides core diff is the 30 yrs vs shorter duration 10-15yrs in commercial + ARM (floating). 

It will familiarize you with the basic terminology and benefits.

I basically group the business into 2 segments, administrative tasks (pricing, marketing, guest communications) and field tasks (cleaning/maintenance).Part of being a successful operator of anything, you have to know your strengths and weaknesses. 

We did title one account in the name of the trust but the rest are basically left with the trust being the beneficiary transfer on death. 

everybody get a pen and paper I got the information on Keystone funding Network it's a division of funding for flipping which is an internet program where they try to get you involved in getting their program using their computer software and all that kind of stuff Josh Allen will contact you after you get a 15 day free trial let me back up you can sign up and get a 15 day free trial everyday they will send you one or two or three or four emails and they all involve a video of some type just about as it tutorial supposedly I think really it's a smoke screen because you go into the website so far everything I pulled up is in the MLS just about and I tried to get to the funding sources they said they have hundreds of them and I signed up as a member for the 345 or $395 a month cuz I'm going to cancel in about 3 or 4 days anyway to see if they actually have lenders out there so far I can't get to it and I've met all their guidelines so what they do is Jerry Norton Jerry Norton it's called jln Group LLC 5406 West 11000 North Suite 444 Highland Utah 84003 I got several emails asking how I like the program so far I haven't been able to get into the program so far 90% of the time and as far as sources for funding they say they have sources for funding and it's free as I want me to respond to one of their emails where they will do a telephone interview so that I can be allowed access to hundreds of thousands of dollars and private investor money and what they do is an invedtor walk you through what you need to do like a mentor so to speak. after you find the deal you submit the deal and then what they do is they will give you a proof of funds letter so the person will take you legitimately I've never had to do that I just Pony up about $3,000 cash and put it in escrow so they know you're serious proof of funds letter doesn't mean squat most of the time especially from a private investor if it comes from a bank that's a different story so what they do is they want to walk you through the process supposedly they put a group of investors together and they fund 100% of your deal they will hook you up with the contractors who were going to do whatever improvements are and after everything is said and done basically you get a percentage of the net profit and they get the balamay  get about 60% of the net profit.  

Basically its no different than applying for any other mortgage, the lender wants to underwrite the loan to confirm your ability to repay.

And the trustee could see that the chapter 11 was not sincere so they basically took everything and are liquidating the assets through auctions.  

Two after the GFC many banks left the SFR rehab loan business and simply don't have that product unless your a top tier depositor and I don't mean 100k in the bank I mean 7 figures so basically borrowing your own money.