Greetings, I am a Real Estate Broker based in Washington State, with extensive experience in residential real estate and recent involvement in commercial properties.

An unsophisticated borrower can focus on their mortgage payment vs. rental rates instead of what the property is worth.In the example above, the $85K sale price could be justified if the seller did an extensive rehab, but they wouldn't be trying to sell the note for $40K if that was the case.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

How extensive are your flips?

He had collected a $5000 deposit from them, and also was collecting more from them on a monthly basis that what we had originally been renting it for and pocketing the difference.

The reports are fairly extensive with pictures documenting various items. 

Like who will manage the building, what is the collective rent, what are the taxes and insurance, is it all up to codes of the town, zoning questions, what is the as-is value - this will be very, very hard to comp and the lender will come in at the low end of the comps for sure. 

Anyone here with experience installing rainwater collection systems either below or above ground on new construction vs drilling for a well? 

Interested in how others have collected, whether to use a lawyer or a debt collection firm.