Hey Rich Ng .

To add to what @Rich Ng stated, and mind you I am in Massachusetts as well...MA security deposit rules are full of specifics, the best decision I made was to create a business account with my bank, I use Santander, and with that account, I hold each of my tenants security deposits in separate interest bearing accounts.The master account that I have allows sub-accounts to be set up under the tenants names, with their social security numbers. 

NG.

It's a good way to get all your intentions on the table, but there will be additional negotiations and details to be worked out in the actual contract.Timeline - I agree with Courtney Duong - at least 45 days for due diligence.

What type of project @Albert Ng ?

Your risk is relatively low because it’s backed by the property, your workload is low, and you don’t have to be accredited for these short-term investments.Joint Venture PartnershipsIf single-family homes spell B-O-R-I-N-G to you, multifamily or commercial real estate might pique your interest.

C h r i s @ r i s i n g t i d e b u y s . c o m

@An Duong the discount code is 1115 or some form of 11-15, the date.

Especially now when NG is trending cheaper and electricity higher.I think you'll have a much harder time renting the units, tenants know it will cost them a lot more money.

@Albert Ng - assuming there was hard money involved, as it likely did, between holding cost of $100K, remodel of $100K, selling cost (realtor fee) of $100K, they need $2.1M ish to break even....So it is likely going to lose money if it sits much longer...