Waiting until the 1-year period ends avoids potential loan issues and simplifies things.

It was in response to a potential emergency situation (ex: a water heater in one of my units was leaking and they paid a little over $2,000 for replacement).

Since this is my first project, I’m very open to any advice or suggestions—especially regarding potential obstacles I might not have considered.

Due to high premiums, expenses increase, and cap rates and cash flow potential decrease.

As of this morning July 2nd 2024, a full 2 weeks after writing their current investors that they are suspending interest payments, they are still seeking new investors for investments but do not inform the new potential investors that they have suspended interest payments.

It's interesting because of the low start up capital and potential for higher returns.

multifamily and single family both have potential value.

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!

.- Owner must sign a Hold Harmless to indemnify us against any potential tenant lawsuits relating to the work their contractor is doing.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?

Evaluate potential rental properties with a keen eye on location, cash flow, and potential appreciation.