In MA and NH, we are not allowed to charge interest on accrued interest.

The difference between the average daily balance of the HELOC by depositing ALL your income into it - and using it as a checking account is what does the trick.The fundamental mathematical principle is not "paying extra on principal" it is REDUCING ACCRUED INTEREST - which results in more money going toward principal. 

Preferred Return" AKA "Pref" Is what they are promising you (6% for example), but if they don’t hit the target it can accrue and be made up in the years to come.With zero experience in the real estate business & $100,000.00 to invest at 21, knowing what I know now… I’d, no doubt, Find a Team Of Multifamily Apartment Operators (B/C Class Operators) That have a Proven Track Record, leverage their expertise, and build a substantial relationship with them.

And two, it started my curiosity for real estate investing and sent me digesting everything I could about the real estate game for the last 18 months.

When she got the letter stating how much she was getting back he had charged her $1225 in late fees and withheld it from her deposit being returned without ever mentioning these fees accruing during the lease. 

Out of morbid curiosity... how long would you wait on a short sale to come to fruition? 

I am curious how you're shaping your offer just out of sheer curiosity, and how you will fund the turnaround to make it worth your while.

Out of curiosity, can you not get a normal homeowners policy with an LLC because it is not owner occupied?

The $400 high bid premium backIf the property owner does not pay the taxes you can foreclose on the property.If the prperty owner redeems after foreclosure starts they must reimburse your legal fees.If you complete a foreclosure, you will payLegal feesthe rest of your bid balance, the high bid premium and the taxes are applied to the bid priceNew taxes that have accrued since you bought the lien. 

@Isiah Ferguson, out of curiosity, if you buy a multi family property any reason you would want to buy cash as opposed to leveraging debt?