Contractors stated that he does surface level cosmetic fixes as fast as possible to pass inspections.

It is 58% complete and just passed the end of the build contract last week (24 months). 

It's appreciation and passing on wealth to my kids.

Not only would you effectively be giving up your right to proceed by way of non-judicial foreclosure, a very messy judicial foreclosure sale might not succeed and even if it did, ability to pass title would thereafter likely be subject to borrower's statutory redemption rights.

When an owner passes away, the property’s tax basis is reset to its fair market value on the date of death (this is known as the “step-up basis”).

I'll send my off market or wholesale deals to non-exclusive buyers but only after my VIP list of buyers/investors have had a first look and decided to pass.

Your mention of using GRM as a first pass and then diving deeper into cap rates and IRR is exactly how I’ve seen some of the sharpest investors I know operate.I had a buddy in Chicago who bought a four-unit last year in Pilsen.

It allows us to be picky on who we rent to and pass on those who would seem to be PITA or a risk for not taking care of the place.

He asked me to put the offer in writing and get it over to him that evening so he could pass the info to the seller.

Come on, it doesn't pass the smell test.One can invest in big-name syndicators' deals for $25,000 or $50,000 now.