We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them. 

My mom keeps hers at 68 due to health reasons so I figured give people an extra degree. 

There is going to be a lot of information presented by a lot of people.  

I’ve heard from countless people over the years who made their construction financing decisions strictly based on the term sheet terms and have had miserable experiences.

@Cindy Young, the common rule of thumb is 1%, you will hear that all over the place, and you will also hear people rail against this rule of thumb as well.

In addition to cash for keys or evictions, I did hear of a story on BP about someone showing up with keys and a lease and getting the person out that way as they were then trespassing...but if it was that easy, more people would do that.

People think that way too.

Is this a pro in house-hacking because there will be more people renting?

BTW, I have created several MMLLCs, some with people I initially never met face to face, and at the core are general terms and, legally, the Operating Agreement.

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.