@David Crews 1) Borrowed 135k for the lot from a private lender on an UNsecured note (obviously this only works w/ highly trusted parties)2) Borrowed 392k from a Local Bank #1 for the construction who had first lien position 3) Leased the property for $66004) Re-financed with Local Bank #2 at completed value (to pay off Local Bank #1 and unsecured note)

The structurally bad part is that we have small, unnoticeable earthquakes all the time and the basements then didn't have rebar, adequate thickness, or good footers.

In a practical manner, I am raising prices at AirBnb and extending stays to 4 nights, trying to avoid the parties. 

On top of that, to pour salt on an open wound, I paid attorneys about $100,000 (can't remember) to sue two general partners and there was so many lawsuits between parties I fired my attorneys for ripping me off and filed bankruptcy.

It's more than I can finance and I have a private party that may be willing to do a personal loan to fill my gap in financing.

this is quite typical if your getting folks that will let you list or sell their homes in this very robust sellers market your totally shooting yourself in the foot by not being a licensed agent and take those listings and make bank.. the hardest part is finding sellers your doing that.. wholesaling is a very narrow niche that your finding out that investors that buy from wholesalers are bottom feeders and flippers who need substantial discounts to market.. 

After 1 year, the lease becomes month-to-month and either party can terminate the lease with at least 30 days written notice provided prior to the date they need to/are vacatingI just called a local process server to serve that notice and he told me we can't do anything until September 1st due to the governor's extension of the rent moratorium.What are you all doing in this situation?

this includes any LLC's that you form in other states.Remember, unless you are investing with non-spousal parties, the LLC provides no tax/accounting benefits. 

Also included should be a contingency to give me a 14 day inspection period to give me time to find a cash buyer.If you do not have both of these in the contract and you do not find a buyer you have a good chance of losing your deposit.Here is a sample email that I sent to the agent when submitting my offer: Hello Frank After going through the numbers, I've determined the following offer.Offer Name: MD Investments LLC And/Or AssignAddress: 123 Any Street Any City, Any State 12345Offer Amount: $115, 500Deposit: $500Contingency: This offer is subject to a 14 day home inspection of a contractor of the buyers choice which must meet the buyer’s approval.Closing Agent: TBDClosing Date: Closing to be 30 days or sooner if agreeable to all parties from the mutually executed contract.All cash offer.Hope this helped

Hi all, looking for a good and reputable third party management company to manage a few hundred units in Indianapolis.