There is a batch of brand new people with no real estate investing experience who hop on the welcome train (maybe to be nice, but more likely to boost posts) over and over with very patterned opens.Glad to hear it.

This is why Cap Rate is so important, and ultimately cash on cash when you overlay financing. 

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.

Morganton’s affordable market and growth trends made it ideal for long-term investment, and developing the ADU allowed me to boost income while adding value to the community.

The investor ultimately tripled the value of the property.  

Keep an eye on local developments that could boost property values.4.

I know this is an old thread but I wanted to see if you were able to get more knowledge on this basement conversion and what you ultimately decided?

The costs involved in renovating a distressed property to the same standard as constructing a new home on an empty lot may ultimately amount to a similar total investment.

Start with BiggerPockets Ultimate Beginners Guide (free).

Asking the MF Group     What's your purpose here, is it to grow your:- Network- Knowledge - IncomeI understand ultimately that these seemingly unrelated dots ARE connected, but why are you here, this is a great opportunity to share your story.