You should seek legal advice in that state to get a legal answer though.

Seeking my first small multi-family and had cash to purchase.

Does it have to be 100+ hours for one of us individually, or can it be 100+ hours for my spouse and I combined?

I also found Brad Sumrok's apartment investing program ($35K for you and your spouse or $25K individual) which is also based in Texas. 

I have the reserves to weather defaults and my team knows their portfolio level numbers, so it's just a matter of getting note investors and lenders on board.15 years payments and 50% LTV are the limits we're seeing for each individual method by the way.

Hello everyone,I'm Tomer, an investor focused on property flips in Pittsburgh’s south and east neighborhoods. I'm looking to connect with a reliable, skilled contractor who has solid experience specifically in Fix &am...

We went way over our expected budget - by far our worse budget miss ever (remarkably we were only 0.5 week over our 2 month timeline).Using my rule, take the estimates and double them then add for lost occupancy and that is what I would be seeking or the owner have the work done using licensed contractors and do the work, take the risks, and suffer the vacancy costs.If you purchase having to do the work and your appraisal can handle it, the credit at closing is superior to price discount.  

If you have multiple rentals, you may need to seek recovery in the aggregate and then decide your priority of restoration.This is a bad day, but statistically, you're good for another 100 years, no matter what "expert" pipes up with his uneducated opinion.

If the dues are exorbitant or there isn't a clearly defined value being brought to owners, maybe pass on it, but I'd say by and large that STRA's are well worth what is usually a pretty small individual investment. 

If you're seeking a city with balanced occupancy that can support year-round demand, Tulsa might also be worth a closer look.