During the debacle, while we are attempting to convince the bankruptcy judge to give us possession, a hurricane does damage to the building so extensive that the building is a tear down.

I should probably then also add the Loan Termination Deadline extension during the same amendment next time and see if they agree to it.

The banks extension just expired last week and they just want to be rid of the property.

Unfortunately, the home inspection indicated a cracked foundation and pretty extensive water damage in the basement, so I had to call off the deal.

One strategy might be to do smaller less extensive changes than originally planned.

(I'm patient and will need an extension anyway due to my K-1s) I have been trying to find a new CPA for my 2021 taxes and so far the only ones who have real estate specialties that I have been able to get a hold of are those who assist active investors who structure the deals as a GP or RE investing is their main source of income.

Would need specific costs for rehab, debt on property now (including utility bills), Present Value, Future Value (assuming rehab completed), cost to take control from "Aunt's Mother in Law" (count on this happening), carrying costs while the property is going through rehab (this will be very large and long due to extensive rehab needed), and other costs not mentioned that will add up.Also you have to think about how any proceeds would be split, to who, how much to who, etc...and, who will be responsible for what from now until the property is sold. 

Not sure if an extension was met. 

I've found Reg D corporate formation more expensive to raise and like how the 2012 Jobs act has updated Crowdfunding under new SEC rules to unaccredited investments under a corporate reg CF+ filing new entities can raise up to $5 million per year and under A+ that requires more extensive reporting the new limits are $75 million per year.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello y'all,this is my first potential deal and I kept messing with numbers extensively, although can't get to clear conclusions.