Throughout this process, at your direction, AHP Servicing will service the loan and Activist Legal will facilitate the receivership and completion of the foreclosure.

Great job on the investment!!!

Instead of keeping them, I'd look to sell them and buy something more suitable as a long term rental.If you want to know why I have such a strong opinion on this, just google the following: - HOA Special Assessment - Florida Condos 2024 - search for news on the new laws - Zombie Condos

The terms for a 2nd position loan on a rental is 6%, 25 year term,  and 2 points origination fee.  

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

Maybe something along the lines of your insurance company requires the heat to be set at certain temperatures or they won't cover a damage claim etc.This way you are telling her there is nothing you can do it about it.

In addition, they connected me to the preferred lenders who also helped with closing on the property within a short period time.

What if they change the terms on you last minute?

In 15 years of management and 20 years of investing, I've never had a break-in on a vacant or occupied unit.

We keep chugging along. 10.2% appreciation in 2024!