You would need to file a proof of claim for the monies owed and hope you secured it by a deed of trust.

It wasn’t an easy path—in 2014, I even filed for bankruptcy while trying to launch a business.

After 99 Cents Only filed for bankruptcy in April 2024, 28 stores in Phoenix closed, leaving 632,900 square feet of prime retail space available.

Second position lienholder have done some shady stuff in order to delay a loss, including filing suit against all parties or trying to obtain a temporary restraining order.

First, be sure you have registered ALL your Corporations and LLCs by December 31,2024Failure to file is a $500/day/entity fine!

Even though I filed eviction paperwork 45 days before the eviction moratorium, the judge just scheduled repeated hearings - often for no apparent reason.

Usually, you or the company you hire will need to file a moving permit for the move.

Don’t rely too much on others to guide you ultimately, there will be many voices that tell you how difficult real estate can be, about tenants who flush steaks down the toilet (has happened to me) and evictions in NY.

Besides what you've mentioned, here are a few additional common expenses to consider:Landscaping (especially if there’s grass or common outdoor areas)Pest control (sometimes needed for multi-family properties)Legal/accounting fees (for lease updates, tax filing, etc.)Vacancy reserves (for covering costs during turnover)I can assist in helping you find funding, LMK! 

Depending on the lender, you can/should tell them upfront so they can document the LLC in the file so you are sure not to have a due upon sale clause triggered when/if you do transfer into your LLC. #2.