At the same time, I would reach out to that STR owner to try to get him to fix the nuisance issue.That said, even if you are successful in staving off the issue for now, it could come back at any time based on the current board members or on wide community support for getting rid of STRs.You could try to gather support for changing the covenants in your favor, but my gut is that that will be hard to do. 

Preferably since we are younger sponsors we initially avoid high octane bridge loans, instead vying for capitalizing renovations with equity and a 5-yr fixed rate loan.

Investment Info:Single-family residence fix & flip investment.

I'd have a talk with the tenants and explain that you were dealing with it and that they are not to call people to fix things (and expect you to pay for it). 

Hi was was wondering if anyone here in Chicago or surrounding areas have purchased from the cook county land bank and if so what kind of loan did u get if any to buy and fix it up or develop a property any info would be very helpful thanks

I would say a common error that people make is underestimating the cost to fix or repair something.

Preferably with 30 fixed conventional loans!

And I always offer to fix or update things for them as soon as I buy them.

It's about having a system in place to find opportunities for fix and flip, buy and hold, listings..... and then the occasional deal that you may assign or double close on

I recently bought my first BRRRR and am trying to figure out what I should do next as I feel like I am a bit in a bind. Part of it is a learning process and I have learned a lot for future deals. Another part may be m...