Although insurance may help rebuild your property, the community's recovery could take years or never fully happen.

Thanks for the replies.Yea I didn’t take any of the grant money from the sonyma loan.

I think the most important thing to take away from this is conversation, is conversing.

In Vermont we have some associations like Vermont Huts that we rented ourselves over the winter - bring all your own everything and clean after yourself (no water or electricity).

And you will keep missing deals if you don't take action.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

Sounds like you have been letting fear get in the way of taking the leap. 

Hi All!

@Bradley Buxton makes a very good point to make sure to do your due diligence as you won't be an owner occupant like your in-laws.Last bit of advice: Because this is a friendly deal, you want to take your time to make sure you structure it in a way that maximizes tax and cashflow benefits for both parties. 

We have tons of new apartment complexes, so renting out apartments in quads is taking longer since they offer less amenities.