Secured credit, paying in advance and drafting off deposits is not an extension of credit.

In other words, you really have to know who you are dealing with and do extensive due diligence on the operator, because a great deal with a bad sponsor is doomed from the start.

We thought $200,000 per lot would be the max we could justify (still would need to pay all school fees, utility extensions, park fee of $10,000, permits, etc., PLUS all the other building and development costs) Some foreign investors made an offer for $585,000 for both lots, telling the seller they can close in 10 days and construct the house in 90 (right.... but I digress).

However, I do have extensive knowledge in apartment management, leasing, make-ready and dealing with tenant issues.

If you leave it off and just put a phone number on there (a local phone number, not a toll-free, no extension), I've found an increase in response rate.

I had to piece together all that information from a variety of sources so a "Master Guidebook" so to speak would have been an amazing resource for me.

(I avoid single member LLC ownership as I feel they are more vulnerable if they are simply an extension of yourself).However, if I didn't have the mortgage note fully documented & duly recorded etc the IRS auditor was reluctant to allow the expense.The later is also good practice if you are using the mortgage to strip the equity to protect the asset.

But I will qualify that by saying I haven't researched the issue, done "subject to" transactions, or extensively studied the TREC contract to see how it interacts with the DOT.

So you file, takes 6 weeks to the first court date, then they go in ask for a 30 day extension, or claim they were never served properly, etc.

You can google to find extensive stories and lists of rivers...but I've chosen to include this one in particular because the website is an absolutely incredible source of information about jacksonville.