I would like to start with rehabbing properties to build capital, and eventually begin collecting buy and hold properties.I look forward to learning more and contributing to this outstanding community of helpful people. 

Also make damn sure she has a very solid pre-qual letter.  

Its not fair for the people thats working their asses off and getting turned down for a damn rental.

Otherwise her notice to terminate is invalid and she's liable for all outstanding rents.

E.g. if this is a $5M fund and one investor has $500K invested, they will own 10% of the loans outstanding at the time.Every 6 months the fund will give investors the option to divest / re-invest.

I'm hesitant to buy it because it's so damn small though.

All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges or fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."

I'm looking at a Fannie Mae property right now that is a legal duplex that the owner tried to add an illegal efficiency to. An inspection was done back in March by the township (while Fannie Mae owned the property) an...

Hopefully once we're done meeting with them we'll have one side of the equation figured out.Now if we could just find a general contractor worth a damn maybe we can figure out the rest of it.

I find it a little surprising the outstanding taxes are so low.