We discussed this in an earlier post.Obviously, if loans are being made without any provision in the Operating Agreement, it’s time to get in touch with your State Securities Protection Division - usually a part of the State Attorney General Consumer Protection Agency.

.: One of the interesting things that occurred in the legal landscape was that in 1978, California's Supreme Court ruled that due on sale clauses in mortgage documents were void "restraints on alienation" and unenforceable unless a lender could show their security was at risk.

It’s inconceivable to me how someone with a RE broker license, a CCIM, and a plethora of Series Securities Registrations can think that the property tax valuation would be reassessed at a LOWER value after knowing that the subject property and neighbor properties were being sold for record prices with each recent sale.

However, it may require you to sign up and link your bank account, so it’s essential to verify the app’s legitimacy, security, and any associated fees before proceeding.Your tenant mentioned that the app helps build their credit, which is a feature some rent payment platforms offer.

All are perfectly functional now, but could pull higher rent with replacing the flooring, and updating the kitchen.My current financing setup for this deal would be $235,000 from the HELOC I already have secured.

Comparing rates and terms across lenders can also help you secure the best deal.

Legal Protection – It's important to have a solid contract in place, typically a promissory note and a security agreement that outlines the loan terms, interest rates, repayment schedules, and collateral (often the property being financed).

Most lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

With $200K-$250K, you can secure high-quality rental properties in both cities while benefiting from steady appreciation, strong rental demand, and landlord-friendly laws.Oklahoma City has a rapidly growing economy, with major industries like aerospace, energy, healthcare, and tech fueling job growth.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.