We have sold 1 of the parcels for $105,000 on an owner contract. 40k down, 8.5% interest and 5-year balloon.

Anyway, after appraisal we were able to insured the property with Universal company, I recently got a letter that my policy was going to be cancelled due to the condition of the roof.

Whether it's a refinance on a balloon payment coming due or as simple as an active duty military person wanting to house hack their first home.

But I do have a local lender ready to give me a commercial loan, 5 year balloon, 20 year amortization, 4% interest and 75% LTV Most national lenders are shying away from Hospitality and only offering 60% LTV right now

Don’t want all of my insurance policies to go up or deal with the hassle due to this neighbors negligence.Worth hiring a lawyer to send a demand letter?

Does the Owner verify information on estoppel certificate or does your property manager or Realtor? Sorry if this comes off as a dumb question.

Would you consider a balloon option?

I thought about writing letters and posting through the letter box of the nicer small multi family i see, but i understand the owner likely doesn't live there.

I tried to do what Lonnie did about 6 years ago and was served a cease and desist letter from the state and county.

The Hardmoney lender will need ballooned out at 91k in 12 months.