Lending to Entities Only: (Not required but think carefully.)

@Simon PoweMultifamily will generally have higher turnover than single family and it can also be a bit higher maintenance since the tenants seem to take less care of the units.

Do I care about your pro forma 5 years out that makes all kinds of optimistic assumptions?

Well, come tax time, I had to unravel 3 LLCs with quite a bit of expense and am paying double tax because of their lack of care and knowledge.

I’d be very careful about who you replace this tenant with. 

.- Since we're not really in full control of the property, the Hold Harmless also indemnifies us against anything that goes missing at the property and squatters.We get asked/told to do all kinds of crazy stuff by owners, who either don't care what happens to us or haven't really thought everything through.Hope this addresses your question.

Check all docs carefully. 

P.S. - you don't care if you don't hire a professional photographer.3.

not in columbus ohio they don't care about the environment. we are building 7 houses at a time and there's nothing in the way all of this year. new deliveries and prices are very strong. maybe blue states but not something we have to worry about in our local market. land is a buyer's market in most areas too.

So I'm wondering how this works in practice.Another big question on running these properties with a management group would it be maybe possible to make the properties look better to a lender?