Is it simply just an I.O.U. and keeping track yourself of who you owe money or does it still require to undergo written contract agreement?

Even with high turnover costs and vacancy they still seem to pencil out.However, on one of the MLS sites (har, realtor, one of them) I saw in the descriptions on one of his units that it was 'undergoing flood damage repair'.

So that was a nice win.Right now, I have my first investment property, that I purchased a few months back, undergoing final stages of the rehab and will then sell it shortly thereafter, which, despite some extraneous costs, should still net me a positive and allow me to purchase something else. 

Glad that I found mine at Royal LePage in Mississauga, where I presently undergo training.

Pentagon city is undergoing a lot of good changes and they are putting a Whole Foods walking distance down the street.  

Have not even discussed the second policy with them as yet.The town is undergoing a reevaluation right now, this month and I plan to ask for a hearing on the footage issue as well as the current assessment, which is way high also.

I won't get any equity, but (speculating) the area is currently undergoing gentrification and should be considered a "great" neighborhood in another 3 - 4 years.

It is a property with some older office buildings in an older metropolitan area that is undergoing some pretty extensive re-development with new retail and new condos/housing.  

We currently do business in Washington, DC where my company has built new homes, rehabbed blighted properties, purchased properties at tax sale, and we are currently under going a four-unit condo conversion in Capitol Hill, Washington, DC.

No termination clauses.I would want more yield for undergoing what you are going to do but if it;s close by it might fit your portfolio.Try to get the interest only to convert to a permanent loan at today's rates.