My favorite lender said "he wouldn't touch it with a 10 foot pole" because of SAFE.Have you ever used a mortgage broker to structure the deal and if so, how did you find one that would do it?

There are plenty of books and free resources that will cover business structure, economics, raising capital and everything else you could think of.

As an added bonus, in all likelyhood the value of your property has appreciated OTOH, if the basic structure is ALSO in poor condition, AND the roof is bad, and its not that great of a location, or floorplan, or... then it won't make any difference- you're looking at a teardown.It also probably won't work if you are unable or unwilling to do any of the work yourself; and/or if you are picking all new contractors out of the Yellow Pages.In general, I disagree with the idea of doing just enough to get it rented, then make it nice when its time to sell.

They had to have a really excellent shell game going to convince you that a $700 a month rent payment would cover that mort. or did they play on your greed when they gave you 36K cash back?

If it is, then you need to shell out the money to actually create a good website with good content.

What is the best possible way to structure this?

These structures get the money into a company you control.

That'll also give me more time to talk to my attorney and accountant to see how I really want to structure things to get the best asset protection with the lowest cost.

Since some of you are, unfortunately, looking for a new one, what would an Ideal PM provide to you in terms of services, information, reports, etc. and what do YOU feel would be a proper fee structure?

Its a civil matter in that you've violated one of the provisions of the contract with the lender.Now, I am curious how a lease option would be structured in the case where you had a mortgage on the property.