The equity is a mix of FMV and appreciation.

For a minute, the wholesaler was delighted that everything was coming together despite many of us warning him to be careful (just like we're warning you now).

@Jerry ZhangWhat is the median income of the area, and the unit mixes of the apartments?

What is the unit mix and size of units?

At closing a Note was issued and a Mortgage/Deed of Trust were issued showing the Borrower (Investor's) indebtedness to me, with a Mortgage/Deed of Trust showing my rights as Lender over the Borrower's property.I have received mixed recommendations on this topic and am looking for guidance that is consistent.Specifically, I lent money and had the investor/borrower/property owner place me as "Mortgagee" on their property's insurance policy.

It's not our mission to automate property management, but rather to scale with the right mix of personal touch and local resources.

Our properties are a strong mix of appreciation, rent growth and cashflow positive in year 1.Going on 6 years I have never had to even give any late notices, etc. for my northside chicago rentals, it's multiple applicants 700+ scores when list the units online. 

I'm comfortable with the value i provide as a buyers agent so it doesn't bother me.The other buyer broker agreement is a standard one that people sign usually for 60-90 days and it includes land, multi, mixed use etc etc.Your document may differ slightly but ours isSection 1.

A mix of STR and LTR locations.

Overall, I tell people my experience is mixed.