At present, they're about to be three months late on payments for three separate notes and I keep getting told he "initiated the wire"...five days ago. 

@Nick C.You bring some interesting points.The sargassum has been an issue for a while now but it's mostly seasonal and so its impact hasn't been what I initially feared, as you can read from this very recent article: https://www.riviera-maya-news.....

My initial goal is to house hack, purchasing a small multi-family property within the next year, ideally the next 6 months.I am between Atlanta and Athens and have relatively little savings so unless I find a partner I will likely be using an FHA or USDA loan for my first property.

I signed up as a pro member a year ago, but just now making a new member introduction.My main reason that I am finally making an introductory post is that I am signed up for the May Rookie Boot Camp and assigned myself preparation homework to do some networking on the BP forum and to make an occasional post.My goal is to find my first cash flowing real estate deal in 2024, so this introduction is my first earnest effort to get out of my comfort zone and start connecting and learning from the voices of experience.Sincerely,Joe Joe, first, congrats on taking initiative to buy your first deal.

They charge $2,500.00 upfront fee once the initial loan agreement has been signed by the borrower.

I will find this case fascinating to see All the documents that come out in a $30B+ filingHere is the initial filing along with over 130 entities…https://rkc.app.box.com/embed/s/2xorquaktfmtus1s7u7ssznjffpje5ol?

She was initially fine with a lease agreement, but cancelled once she saw it.

Initially I left it completely in the PMs hands, but I recently posted the property on Avail.co and reached out to a realtor friend to post it on the MLS.

I'd run rental comps in the area for similar homes and see what they average out at, and be conservative initially expecting the lower end of what you find so you can give yourself some wiggle room.

At the conclusion of every cycle add the ROI on top of initial principal then loan that out.