Always keep personal and business accounts separate, document all transactions, and consult a CPA or attorney to ensure compliance and maintain liability protection.This post does not create a CPA-Client relationship.

Financed by securing debt on a different asset in our portfolio where we could get the best terms given the rising rate environment.

This is the cost of doing business.2nd: not having security at your property during and post renovation.

If Borrower wishes to exercise this option to extend, Borrower shall notify Lender of Borrower's intent to extend in writing prior to the Maturity Date.Security for Payment: This note is secured by n deed of trust of even date from Borrower to Doc Prep 911, Trustee, both of which cover the following real property: Lots xxxx, City of xxxx, according to the map or plat recorded in xxxx, Map Records, xxxx, Texas.

Security deposits have been paid by the resident family half of the time and the relocation company half the time. 

I will have the Seller sign the Assignment of Agreement Addendum to ensure no problems.Appreciate the help.Loren

They have three days to complete and return it.This not only ensures transparency but also helps avoid any misunderstandings about the property's condition.

Quote from @Audrey Scott: My professional advice is to develop a clear repayment strategy to ensure timely payments and avoid potential financial strain. 

My mom would like me to assume the loan of her house to ensure it remains in my name.

Since you're aiming to purchase a multi-family property in Long Island, especially with the help of a capital partner, it’s crucial to run the numbers carefully (rental income vs expenses) to ensure you’re set up for success.