Purchase price: $270,000 Cash invested: $20,000 Sale price: $360,000 Purchased a house to rent out and complete smaller but necessary renovations and cosmetic updates over time.

So, you need to know what the terms and conditions and time frames are for the private/HML lender when preparing to submit an offer.

At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

It probably is still worth it if you can raise rents, reposition the property, improve the efficiencies of the property and optimize debt when the time is right. 

Over time I have amassed a good quantity of houses with no mortgages.

Happy to talk any time.

Was something mitigating the noise at that time that you could use now?

I have a property on a Lake in ND that will post for the first time in the next 2 weeks. 

You can't actually pay it off directly because they've been securitized, and the people who invested in those securities did so because of the specific certainty of the payment schedule.What you do in a defeasance is use the proceeds of the sale or the funds from your new lender to purchase treasury bonds that are packaged to make the exact payment amounts and timings on the remaining term of the loan, and then assign those bonds to your old lender.

@Jerry Zhang.As big as Pace is ... he likely will be sued multiple times.