Regardless of your real estate investing strategy, pre-foreclosure properties can be an excellent way to purchase real estate at a low price.This post originally appeared on the BiggerPockets blog.12.

This may affect what you can sell it for.Other option if to find a better PMC and follow your original plan.

Any decent lender should allow you to borrow against your airbnb, without disturbing the original 2% loan.Example: I have a 6 unit that had ~$500K in equity.

Books are important to maintain because it keeps track of the performance of the partnership not only for one year but over several years.Partners normally have the right to inspect the books.Will the accountant you work with either maintain the books for you or help you make sure its done correctly?

I agree with @Chris Seveney that a performing note would be a very good starting point.

I always make sure that the draws are commensurate with the amount of work (and specifically the trade) performed to date.

Basset has some of the best and more durable fabric around and these still look great after 7 years with us and probably 10+ with the original owners.The La-Z-Boy has a more open weave as does the chair.

I was just under the impression this was a 2 unit. 4 bd 2 bath that are all over down there and he said in the original post it was a multi unit.

Small multifamily, up to 4 units (at least to start), then graduate into larger investments as your portfolio performs positively. 

They don't guarantee their performance and your money is lost if they flee with it. 4.