Everything goes through the closing attorney, who prepares a Note and Deed of Trust between my LLC and the PML that spells out all the terms and secures the lenders interest in the property.

I'm hoping you receive you money back, but be prepared not to get any of it back.

So I am preparing to started a business in wholesaling, yay me :), and one of the major components I have been tinkering with is how to ensure what I have on my hands is an actual deal.

Are there some hosted providers that specialize in websites for this type of thing?  

I ran the number on the calculator on bigger pockets here, and can add that info if needed.The other option is to prepare my current house for sale for probably 15K I could sell it for 169K, and I would owe probably 116K by the time I sold it, I would have 53K in equity before I paid closing costs.

If the furnace had some specialized function, such as in a climate controlled self storage facility, then it could be a 5 year asset. 

What we learned first hand on the tenant base is there will be many bad tenants skipping at the middle of the nights, there will be high bad debts and prepare to put a tough manager to handle evictions.

Hilaire that’s not bad at all, specially since you didn’t have to put anything down.

My broker(and most of his agents) deals mostly in MF/commercial real estate in San Diego county which is what I want to specialize in. 

HelloAnyone recommend a local real estate friendly tax preparer in New Haven County, CT?