Hourly rates can range from $150 to $500 per hour, depending on the lawyer’s experience and the complexity of the documents.In New Jersey/Delaware Valley, the rates can be on the higher end due to the higher cost of legal services in these areas, with some attorneys charging upwards of $300 to $500 per hour.In areas with a lower cost of living, such as rural locations or states with a lower overall legal rate, the costs can be lower.It’s best to shop around and get quotes from a few attorneys familiar with private lending and real estate transactions.

I just wanted to share that resource and potentially de-stress Quest 401(k) holders. 

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

We aren't permitted to charge tenants utilities unless they're separately metered in Delaware

Quote from @Paul De Luca: @Rance SmithWow, that's nightmare situation you went through...Just curious, did you do a sewer scope inspection prior to closing on the building?

By sending a check, in many states, if the tenant cashes the check they are de facto agreeing with your damage assessment and will have little ground to dispute your accounting.  

This is why in the "proper" construction world, the GCs have many meetings with their subs to de-scope the bid.

I'm in a group for STRs in Delaware, and we had one lady get scammed out of around 4K.

Quote from @Wilson Pereira De Oliveira: I have the same question about section 8, I am tempted to buy some properties in St.

My properties are in Delaware County, PA and mostly 3 bedrooms and 1,152 sqft.