I had a few questions at the lien presentation which they could not answer, but I did feel like they offer some good free info in the initial 3 hour session.

I never made a solid return there compared to the other properties in Toronto, NYC, Minneapolis, Atlanta and New Orleans ... nor has it been conducive on any level to accomplish projects or business initiatives there.

Tyler,That was my initial thought as well.  

You'll be surprised how fast you can resolve this by simply initiating the Notice to Quit - and totally refusing to engage her. 

People may initially be impressed but they'll soon realize you're just pretending to race and not actually going anywhere.

Get a loan to purchase for $60k (or less), put down 25%, amortize over 15 to 20 years, put $15,000 in it for the initial repairs, and rent it out for $900 (or more) per month and have the tenants pay utilities separately.

My initial rehab timeline wasn't realistic.

Initially we planned to purchase the property under the LLCs name, but ultimately elected not to do so as the interest rates would have been higher.Would it be favorable to manage this property under the LLC or would a different organizational structure be more favorable?

During the initial walk-through, it was pretty obvious that it needed some work - our REA told us it was an investment property that just wasn't getting the regular maintenance that it needed. 

What happens if the basement is built during initial construction?