Paying a bit more might be justified if the pro forma income is very achievable, but $360,000 seems too high unless renovations are already complete.Factor in the costs and timeline for completing renovations for the studio and the fifth park-owned home.

Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.

and, with interest rates high, it's very, very difficult to cash flow right now in the short term. 

I would target high lien to value properties in class C/D areas that are owned by an LLC.The supreme court case Tyler v.

I expect 30% turnover in a given year, but have seen it surge as high as 48%.

Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.

When I was 22, I did a house hack, and I highly recommend it.

Margins seem low and the risk seems high.

I highly recommend managing it remotely if possible.

Later she was unable to refinance, and the ex-husband kept making payments for her so the property wouldn't go into foreclosure.I would highly suggest to your friend to contact Noel Cookman DURING the mediation process, not after.