In my initial interviews with banks to see if they can work with my deal structure I ask them what their process is for underwriting deals.

I initiated the eviction process when the tenant was two months behind on payments.

The lender will charge a ridiculous amount up front to close, but that comes out of the LOC, so you still end up only putting in the initial deposit.  

They can serve the initial notice to vacate but the actual court filing needs to come from you as the owner or through an attorney.Given you're out of state, working with a local eviction attorney is definitely your best bet here.

This kind of govt nosiness and overreach is why I initially decided against the financial planning industry before starting in credit. you can thank 2008 and all the fraud that went on for that.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options You posted this same thing three times - in two it was a 36 unit and in the third a 32 unit.Do you have any other details about the transaction or perhaps wish to share your initial analysis so the volunteers here can poke holes in it or tell you why you're right?

@Sean Gallagher - My initial reaction is that if you're thinking about a property manager to help oversee the daily operations you're probably at a point where you need to get one.

Being able to visit properties, oversee rehab projects, and manage your team is crucial for successful investment.Ultimately, there's much to consider beyond the initial purchase and rehab.

Initially, we thought this would be enough to get us through until I found a new job.However, things took a turn today.

Their REITs were initially sold to the investing public at $10.00 per share.