It wasnt an easy decision, but he’s now breathing easier with stronger cash reserves.Another thought: refinancing.

Give me the horse and buggy vs a self driving car with immature software and sensors any day.My point is you should use as much technology as you can to make your life easier without going beyond its limits, and in the meantime always be on the lookout for new solutions that solve problems without creating new ones.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

It may also make it easier for your estate planning attorney to line up ownership with your estate plan, assuming a CA-estate plan if a CA resident.

Illinois is a great market, but I agree with most that it would be much easier if the investment were closer to you.

Generally larger commercial properties and shopping centers are easier to classify with hard and fast rules, but to the points above the residential areas really move very quickly and have way more nuance than most people care to admit.zip codes are generally way too large for my liking at least in my market to provide any kind of insights other than macro level economics but even then highways or rivers that cut through a zip code can end up with totally different trade areas.we can get pretty granular with cellphone data and with grocery center data to understand the trade areas and their true boundaries, but that kind of data pull is generally only cost effective for investors doing larger scale projects or developments, and honestly we still just end up getting on the ground and feeling it out, so I generally tell people that the money is better spent on a plane ticket and weekend trip in the area you are looking rather than any kind of "trade area" level data studies.and generally B class in 1 area means something different than another. 

So, if deadline not met, we will send our people to handle.4) Vacant properties are easier to deal with, but we still require:- Owner must sign a Hold Harmless to indemnify us against any potential lawsuits relating to the work their contractor is doing and add us to contractor's insurance.--- Another lawsuit from a prospective tenant that slipped during a showing and when they grabbed the handrail, installed by owner's contractor, it collapsed and person injured.- Since we're not really in full control of the property, the Hold Harmless also indemnifies us against anything that goes missing at the property and squatters.We get asked/told to do all kinds of crazy stuff by owners, who either don't care what happens to us or haven't really thought everything through.Hope this addresses your question.

If you plan on holding, it's then a much easier task to roll it into a DSCR loan.

If you don't get access to the property before closing it can be tricky but if there are recent photos online or you can walk through before and take your own then it is much easier.

Now they want to put the properties into RE Gain Fund, LLC UpREIT (which appears to have been established in 2023).