Joe Gore No, the general contractor just came and gave me a oral bid, and said he would send two subcontractors later.

For financing the first deal under an LLC, will one or all of us have to guarantee the loan personally?

While an oral lease can be binding in most states, you will have an impossible time with any lawsuit that ever goes to court.

Further, some or all of the partners may earn their income a different amounts for different reasons.  

Just because a foreclosure happens does not create a leasehold interest beyond what was written (or in this case orally agreed upon).

The terms @ 6.75% and 30yr fixed are very good.I think the more pressing issue is the inadequate funds needed for proper repairs.I am a believer in creating a formula that works for you.

So if a hard money lender or private beneficiary wants to sell their Trust Deed, they can do so on PeerStreet, and PeerStreet offers a platform where many investors can purchase parts (or all) of the note that is being sold.  

And doing some or all of the demo yourself is a great idea. 

The majority of renters who lose a portion of their security deposit do so because of inadequate cleaning.

Bank typically pays a portion or all of seller escrow fee or settlement fee, title insurance, delinquent taxes, and commission.