Quote from @Bill Hughes:Hi Bill, The issue I potentially see accruing is that you'd like to refinance into a 30-year note after the purchase is complete, but most lenders will have some seasoning requirements before allowing you to refinance.

This isn’t a post to bash, just a genuine curiosity.

A compounding preferred return means that shortfalls are not simply accrued but are also compounded with interest at the preferred return rate.

the above two posts are great...Just out of curiosity what kind of deal is this?  

So, property value appreciation accrues to the owner and can be realized upon a sale--plus any income associated with the rental of their share.

I think our total expenses after 6 months were close to $27,000 including back rent (rent continued to accrue while we cleared the house), damages to the house,  lawyer's fees associated with the probate, and weeks of time spent trying to clean up the house and sell the stuff to dispose of it and earn money for the estate, etc..

What are the possible repercussions associated with bandit signs in a market where they are illegal (accruing the signs taken down by the city just as an expected expense) and can they track your google voice number?

Which every economist will tell you is the best way to fight inflation. it looks like it's worded to pierce through multiple LLCs like this and just talks about direct or indirect ownership:"In the case of a disqualified single family property owner, no deduction shall be allowed under this chapter for any interest paid or accrued in connection with any single family residential rental property owned (directly or indirectly) by such disqualified single family property owner."

Either way, either through judgement (lien theory) or contractual oblication (deed theory), the borrower will owe the difference between the amount owed + accrued interest + attorney's fees + late fees + other costs and the balance received from the sale to the lender as something called a "Deficiency Balance".

The baltimore properties tend to be very old, so expect major systems to need replacement if you don't know interior condition.Who gave you the 45k estimate out of curiosity?