@Mike DymskiLender will get a deficiency judgement and go after the other equity in those propertiesSo let’s say after foreclosure or traditional sale the borrower owes $400k, lender will get a judgment and slap it on those other properties and take the equity from thosePeople think “oh well they had them in different entities” - that doesn’t matter as a personal guarantee means they guarantee it and the lender can go after everything that person has including all their other LLC’s.

Where I live in Incline Village new builds are 1500/sqft and that doesn't include the engineering and architect costs.

As a hard money lender operating in the Central Florida area, including Tampa, I can tell you that the market here remains strong, with plenty of opportunities for savvy investors.Tampa's real estate market has been quite active, with demand still high, especially in desirable neighborhoods.

Hi Petya,The key question is whether the rental income from this property will cover your monthly expenses, including the mortgage, taxes, insurance, and any potential maintenance.

Not sure about the staging fee, but my STR property manager in Denver takes 18% of profits (does not including cleaning fees as part of the profits)

My responsibilities included construction and contractor management and overseeing the asset's successful marketing and sale.

Got it.What we include in the process as well, is "how best to protect yourself from the "due on sale", what happens if the renter stops paying, what if the seller won't vacate, how to get a title report, why to not use a real estate agent, how does this affect my taxes, what makes for a good deal, what exit strategy to use, how do I hold title, what happens when the seller comes back later and demands to be taken off of the loan, how do I hold insurance, what happens when a roof or waterheater need to be repaired or replaced, and on and on.

For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs

By changing the name, you retain the benefits of your existing LLC, including the D&B account, bank account, and business credit card.

Thank you Ashish for your thorough reply and including the IRS Form info.