Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

While you are at it, put the next person on MTM to create some equity in the contract when you have problem in the future.

We’re actively working toward building a real estate portfolio that will generate passive income and create financial security for our future.

A lender that specializes in distressed properties can help you find the right financing for your scenario.The Bottom LineInvestors will find unique opportunities with distressed properties, but the myths need to be dispelled.

Because the reality is that one deal won't make you rich, but the continuous growth you get by doing deals and building your skills, network, and expertise will create the foundation to get you there! 

Charge the late fee, a lot of people don't and that creates a relationship with the tenant that indicates to them that it is okay to pay late.

Co-living also takes quite a bit of money to create more baths, walls, different electrical hookups, etc.

Investing institutionally on behalf of our fund investors sparked my desire to pursue my own investments and create wealth independently.For my first property, I plan to use the BRRRR strategy, likely with the help of a hard money lender.

Has become super common with these wholesalers learning how to create terms on deals that have been sitting on market for a while. 

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