Have a read on this article here and give me your thoughts, I myself am going to have to re-read it again to fully understand what it entails and how it fully impacts us, were it to get pushed through.https://www.fool.com/millionac...Excerpt of the article:Talk over the second round of stimulus is underway with three proposed policies on the table at the present time, one of which would have a big impact on homeowners, tenants, landlords, and real estate investors everywhere: The Rent and Mortgage Cancellation Act of 2020.This bill, sponsored by Representative Ilhan Omar, D-M.N., would eliminate rental and mortgage payments on any primary residence for the duration of the national emergency, allowing landlords and lenders to recoup losses by applying to a relief fund, but there are stipulations.Let's look at what the act proposes and how it would work and see how it would affect real estate investors.

I received a contractor proposal including both the contractor fees and the engineering fees.

Click the link in the article that says read the full proposal https://www.fox13memphis.com/n...

Investors are generally looking for large upside potential for angel investments like I think you're proposing. 

California has a state law proposal has very similar to this, it will pass somewhere and like all laws, it will trickle outwards.  

A lot of ordinances have been proposed in Chicago.  

I also received a suspicious email in BP proposing that they could lend me at 4%.

@Greg Todrank Congrats on finding a property to move on.A question you should ask yourself is if you are willing to accept the current seller as your PM, if he accepts your proposal.  

However I wanted to know what would be the best operating agreement to have to make sure things stay fair.We had proposed $15,000 to close out first deal.

I propose them to rent their apartments rehab them and I re-rent the apartments to final tenants.