A friend of mine in Austin once negotiated a partial buy back option when the seller realized they might want back in if the market soared.. from what I read in Bloomberg, that approach can work well if both sides trust each other.If the tenants’ rent covers your carrying costs, that’s a nice cushion, but you still need to clarify that buy back clause.

I did all of mine several months ago as they are single member LLC;s and I already have to go through fingerprinting, background checks for my NMLS license as well as audited financials for our fund.

I hope to be able to contribute to other peoples’ journeys as well in these crazy times.

David - hope you are well! 

Congrats on orthodontic residency, though I know residency will be time consuming as well. 

This deal highlights the power of well-executed renovations and a strong partnership in achieving impressive profits.

The 'good guys' on here can help the newbies by pointing out the very obvious trolls......Just my $0.02 I think if we have active moderators and active community to help put them back in the bag it will be fine as well.

If you have no experience in commercial real estate, much less mobile home park management, this is an intricate business not well-suited for out-of-state when you are getting started.

Seems like a slam dunk, do you want to take cashout as well?

Things were going well but now things are really bad and it has nothing to do with COVID-19.