I agree we are quite active in the space. 

Don't see any major red flags here, so long as you are comfortable in the low income space.

Converting the basement to a living space to make a duplex.

Defaulted SFR loans - 1st position only (this has been our bread and butter over the years and we will continue to play in this space).

The way that things like this are typically handled is that if a lawsuit were to happen, since both people have been behaving under the assumption of a lease (the landlord renting their space and the tenant paying rent), they would probably treat it as if there was a standard month to month lease agreement.  

My objective is to buy about an acre of land, that is already leveled, access is being done, and utilities are going to be 5 feet from the property; and then build 3-4 shell retail spots on my plot, owner occupy one of them with a business and lease out the others.I am meeting with a developer this weekend, but have some wrong numbers regarding the average cost of building a shell space. 

It’s fantastic to have someone with your level of experience and passion joining the investment space.

I specialize in Multi-Family and Single Family Residential Development as well as Commercial and Flex Space.

Hi @Dave Harlan      I've done roughly 120 loans with them over the last 14 months on the broker side and have worked with just about every major lender in the space too.

A cabin that in theory would have cash flowed positive almost $1K/month had the kitchen drain go through the crawl space and dump out about 4' away from the house.