I copied the body text from an older post of mine from a different site and did not realize that LVMPD had updated their site and changed the link address.

I live in Bedstuy and there have been a few dead bodies and drug raids on my block but the neighborhood is seeing much better days and even much better tenants.

Unfortunately, most of what I can offer is only sweat equity as I am not very skilled in any obviously beneficial way for real estate investing.I currently work full time for a chemical company in Irving, TX as a regulatory affairs specialist for those of you interested in what I do for a living currently.

You can borrow from immediate family without regulatory issues spooking you family transactions are exempt from brokerage lending.

Loser,Due to regulatory requirements we must follow standardized application and qualifying standards for the approval of all lease agreements.

In turn you can sell the property for 85- 90% of the ltv to the potential home buyer also allowing you to help them possibly with a down on a fha loan which right now just about any body can get they just don't have the down payment.

I am a real estate agent with a year of experience in multi family,I may now have the opportunity to sell an automotive body shopthat will most likely be a re development or infill development,I can I outline what I have done so far and tell me what other issues I should be thinking about ?

With your partnership taking Title to the property and taking out the loan, its still not a "warm blooded" body, i.e. you.

Breck in particular has also been severely restricting new STR's recently (last I checked the waiting list was 80 units long to get a permit, permits can only be issued in certain areas that are also among the most expensive parts of town, and the annual regulatory fee just went up from $400/yr. per room to almost $800/ room among other new rules and regs).

A big issue they have is the regulatory oversight and need to be able to fully justify making a loan.