This deal showcased our strong renovation strategies and collaborative approach to achieving profitable outcomes.

It is true that before the purchase we needed to do quite a lot of work to make sure everything was organized with the payments of the debt etc.

How do you know which is most profitable etc?

. - They put in 2/3 of the money- Monthly payouts of 50% of profits- 4 month termBased on the pro forma of the rental, they'd have around a 30-35% roi by the end of the term.

I recommend going with a boutique local manager or even self-manage (it's not as intimidating as it may seem, and profit levels skyrocket).

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

@Patti RobertsonI prefer to keep my profit hidden (at least until after the deal is done) if possible.

(SDIRA) An IRA cannot must use a non-recouse loan so they are often talked about in self directed IRAs IRA forums. under the scenerio presented there is no way a bank will do non recourse.. just wont happen. what you can do is rearrange your LLC.. were only on person PG's  the other members each hold less than 20% interest thats the threshold for PG for most all community banks.and you do the PG.. keep in mind LLC's can have uneven ownership and un even profit splits you can have an llc that you own 90% of but you only make 10% of the net profit its not like coroporations were ownership % also equals profit distributions. 

Southern impression is primarily a single family home builder and their floorplans are all too large for profitability. they are overbuilding each unit and adding unnecessary things like garages that don't get you any income and only drive the construction values up. a garage on it's own isn't with much more than what it's built for and doesn't really add to the equity gain in new construction 

However, the current owner wants to sell it for more than it is worth so she can make a profit and pay off the IRS lien.