Developing an operating agreement for the LLC will help establish the basis of your business, including capital contributions (HELOC, Loan).

You can find, target and market to those individuals by identifying a group using listsource.com or something similar.You're looking for high equity sellers that have owned the property a long time and preferably live out of state.

If you are looking to invest in Allentown based on appreciation from economic development, might want to look into the waterfront project area.http://www.mcall.com/news/local/allentown/mc-biz-n...https://thewaterfront.com

To obtain financing it can't be larger than 25% of the total community square footage. 10% of the budget to go towards reservesNo active or pending litigation (HOAs like to go after the developer for construction defects)No assessments (ask for the last 12 months of board minutes in your offer.

There is a lot of land available and the area and I've always thought it was a matter of time before you saw more development moving in.

Have the next tenants sign something that makes it clear that when something leaks, they are responsible for identifying and reporting it (and paying ALL the water).

hey Karen what company did you speak to already and which development are you looking at?

I'm aware of all the good development the new casino's, Stockton, the tech company the Tenseness ave re development, the supposed re development of ducktown etc etc but there is no factual comps to support a real estate boom higher then 10%, overall home sales in the country are still down and there has not been much of a kick up in sales in Atlantic county. 

I was very intrigue last year when the Opportunity Zone Funds was being develop, even participated in Webinar call-ins as state started listing potential locations for OZ Funds, this moved fast, but the Capital Gains requirement left me out of investing. 

We have enjoyed listening to the podcasts, and consequently developed a niche finding distressed sellers in Cleveland, Oh.