I had just started to migrate my portfolio to Rentec Direct when this announcement hit.

I just read received the email from Cozy announcing the aquisition.

Moderator Note: Having a discussion about a meetup is fine, but any meetup announcements must be in the Events & Happenings forum.

Dear Mrs. tenant,We are excited to announce that our company is in the final stages of purchasing the building within which you reside, and I’ll begin managing the property on <date>.

I've been following some of the larger sponsors and syndicators that have announced plans to launch a QOZ fund with great interest and have listened to several webinars.

Some of them even have a segment titled "Haves and Wants" where people can get up in front of the group and announce what they have to offer, or what they're looking for (wants) so it'll be easy to identify who the potential buyers are. 

Followed by a flatlining price point for the past year, which I believe is due to Amazon announcing HQ2, and the fact that 25% of units in downtown sits empty, I think there's going to be a correction soon.

Most lenders generally require MI for a loan with a loan-to-value (LTV) percentage in excess of 80 percent.promissory noteA written promise to repay a specified amount over a specified period of time.public auctionA meeting in an announced public location to sell property to repay a mortgage that is in default.Planned Unit Development (PUD)A project or subdivision that includes common property that is owned and maintained by a homeowners' association for the benefit and use of the individual PUD unit owners.purchase agreementA written contract signed by the buyer and seller stating the terms and conditions under which a property will be sold.purchase money transactionThe acquisition of property through the payment of money or its equivalent.qualifying ratiosCalculations that are used in determining whether a borrower can qualify for a mortgage.

This year, I happened to be in Dallas and visited that office which technically is also a satellite to the main office in Memphis, though the Dallas office probably has 25 people and the Memphis one is 3 or 4 times that big.I really hadn't announced my visit, I texted someone late the day before and asked if I could stop by and they said sure. 

Hi Bob,the only pitfall I see is that the ADU process is very slow, our new mayor is trying to improve things but the last time I checked 4 months ago, the SFDBI was announcing 6-8 months wait to get the ADU permits approved.