Where is the capacity to pay besides from the property, since you don't have mgt. experience?

As a street level investor, you can see a discount that is favorable in a pool of REO or any asset for that matter simply due to the capacity to allocate the purchase proceeds by the seller.

I wouldnt skimp on the commercial high capacity dehumidifiers.

The last time I worked in that capacity was about 10 years ago.

The IRS would classify someone in that capacity as an employee.Just something to consider when you're creating the job description...

Also, you will need to verify the bearing capacity of the underlying native soils into which you plan to bear the piers.If my assumption(s) is correct, this type of repair could easily run to 50-100K.

If you have good credit, funds and capacity to get the work done (like with a contractor) IMO, a hard money lender is a last resort, you won't need to go there.

And that is what I was addressing, the skatters, those acting in a brokerage capacity and passing themselves off a an established HML.

lol, thanks @Jay Hinrichs, unfortunately I'm not at capacity to invest THAT far out... yet....

I haven't done anything in London yet, however, I would like to make use of my borrowing capacity here if the investment makes sense.