Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

I’d love to learn more about the off-market multis you mentioned in Waterville and any other opportunities that might align with my goals.Looking forward to discussing further—let me know the best way to connect! 

He was a realtor based in the Midwest (I think the greater Chicago area) and was talking about off vs. on market deals and the importance of choosing equity over cash flow. 

Personally, I started off getting referrals from other real estate investors when building my team but eventually found and added my own people to my network over time.

Take those profits and pay off the rentals.

I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.

Once the tenant has to pay that late fee one time they will not do it again.To answer your question more directly, start the eviction process as soon as you can and do not back off the breaks until you get payment in full.

I am from Iowa so our goal would be to use it in the winter months (dec,jan,fab) and try and break even off the income from the remaining months. 

You cannot calculate rent by subtracting off the rent of the ADU.  

i fyour getting paid off when the vertical loan goes on.. then your in first position . so not sure what the issue is?