Taking hard money without knowing the end game or exit spells failure. :)

Whatever the case it should all be spelled out in the contract you signed.

This leads me to my #1 tip in real estate.My question to you is, how do you spell success?

The rest of the vote is by proxies, I hope.Her fee is $500 a month and is set de facto by herself and is reflected and spelled out in the annual budget.

Spelling correction....ROCKITE for Anchoring and Patching.  

My plans are to start rentovating and sell in NJ and buy and hold in FL and making friends here on BB Thanks everyone for all the input you have given DavePs sorry about my spelling and grammer its not my strong suit :)

Short term financing for long term asset needs spells trouble.These are for cash buyers, you'll have better luck moving up in price, getting a nicer property, better tenants, less maintenance and repairs and financing possibilities.

<g>And also: I spell out payments terms.

I and a couple others were the only ones that could spell software, I felt like a king.

Those terms should have been spelled out in your lease.