As stated in the title, I am new to to this game and looking for advice.

Would like to know expected rent for this east bay property, and to to nail down this franchisee on paying fully and on time or boot his butt to the curb.Any/all help or suggestions welcome.

The asking price is priced as if the house was move in ready and the owner does not want to to entertain any offer below what is owed.

I don’t think you’re going to to collect rent.

That junior lender needs to be prepared to to pay of your 1st and take over this project if you misstep and default.

@Nick Wehrley We would definitely need to to know the cost of the buy down and all of the figures you're looking at but what I can say in general is that a lot of pricing matrices I'm looking at right now would favor doing the higher LTV with max rate buy down which SHOULD give you a lower cash to close and lower debt service than the lower LTV w/o a buy down.

A Bridge Loan allows to to close on the property with 15%/20% down and also supplies the rehab funds which are kept in escrow and drawn upon as work is completed. 

These are the details you need to to have ready

If you well you’re going to have to pay off your existing mortgage and get a new one. 3) people will talk about doing a subject to to avoid problem 2, but I personally would not want to explain to the IRS how I “sold” my property to my LlC, which is definitely not me, but I didn’t pay off my mortgage.

I'm able to to justify it from the fuel savings alone.