Did you use background checks initially and if so what did they miss if anything?

His initial opinion is that it has to be prorated but that is contrary to what I have heard on YouTube. 

I understand not buying more up there, but your initial investment there will turn out well.You can check out the BiggerPockets video podcast and leave a comment if you have questions. 

Paint is not rocket science, and he asked if I had any work that needed doing, so I let him do the paint job instead of my painter (accepting in my mind that if he didn't do a great job this was going to be charity).

He was initially terrified of buying a place with a pool.. thought it would scare off insurers and sink his returns.

I’d love to get feedback from anyone who has been through a similar process, as I’ve received some conflicting information.Here’s the situation:- My lender mentioned that even though my loan-to-value (LTV) ratio is below 80% due to the renovations (currently at 73%), I can’t request PMI termination based on the property improvements alone, since the renovations were part of the initial HomeStyle loan.

The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software.

Actually, agreed to $200,000 initially but re-negotiated once I visited the property and looked at the existing Teak/Mahogany trees. 

Proc. 2004-51, qualified indicia of ownership were transferred to the the earlier of a total of 180 – days or the date upon which the exchanger has to file its tax return for the year in which the exchange was initiated, to complete the purchase of the replacement properties."

But, that aside, I’d like to initiate a discussion of where note investors feel the opportunities will lie moving forward.I’ll go first.