In other words if you have to drop out of school for a semester to get this project up to revenue generation, you will need to, to save their integrity.

My knowledge about real estate investing is admittedly low, but I'm highly-driven and doing my best to to work on it!

I struggle to to balance my comments of nice response vs. harsh reality.

My exam is in December and I had some questions about being able to to make the vocab stick.

This may be a better question for a banker but is seems like if you were able to to a successful project using the secured credit line (for the purchase, rehab and sale expenses) and fully pay back the amount you borrowed vs paying off a company credit card for materials only, then credit could be built much quicker allowing for greater leveraging early on.

If they do that twice a month, it's an easy way for a grifter to make $4-6K.I tell all potential tenants that I talk to to look up the city records for a house and make sure they know who the owner is.

The utilities are NOT separate and the 2nd & 3rd units don't have access to to the basement.

The utilities are NOT separate and the 2nd & 3rd units don't have access to to the basement.I would like to split the utilities, or at least split the electric and install electric heating in the upstairs units.

most likely but I would hope the max they can take would be the property itself and none of my personal assets.Another example lets say you hired a handyman to to some work and he fell walking down the basement steps and broke his leg and was unable to work for a year and he tried suing the LLC for a million dollars (not uncommon) regardless of the outcome of the lawsuit the max he can be awarded would be the property. agreed or not agreed?

Have a spreadsheet that takes into consideration what you want it to to justify your low offer.