You may be able to develop a solution based on some similar situations others have been in.Best of luck.

Hellocan anyone recommend a good Real Estate TurnKey solution to get into the Buy & Hold business for multi-family units?

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

This might be a short term solution where she refinances in 1-2 years but we want something official written up.This would be a loan as we would like the money back and although we are much better off than her, we would ideally like to get paid back.  

Your best solution is to scrap the trust and the third party trustee.

I don't know what a better solution would be though.I agree with you that it is difficult for most Americans to save, but I don't think taxes or the SEC are the reasons why.

The rough $725k assumes the $100k down payment and close to a $4k/mo mortgage.Alternatively, I can go back to looking at SFR if that’s a more viable solution.

I like to be able to have a solution to answer any issue regardless of whether or not I can profit form it, so take a look at my website and let me know if you see where we can align.Thanks,Dean Carlson

We offer them a solution.

I don't know if you are a contractor yourself or if you would have a contractor do the work but GLT Products offers soundproofing materials either directly through their company or through a sister company, Sound Acoustic Solutions.