It took some time, but I set everything up and executed a very large deal, I sold homes piece by piece and built my reputation as the kid you can trust.

I agree with Marcus, you’ll definitely want to make sure you have boots on the ground that you can trust here and that understand the different neighborhoods, etc.

It will most likely be a line of credit with a second lien deed of trust (2nd mortgage).

The most important thing you need to do is call around now and find a general contractor that you like and trust, and more importantly, is willing to work with you on a 203k and is aware if the information that will need to be provided and that will provide that information in a timely manner. 

I write a deed of trust with myself or LLC (if it's one of my commercial properties) as mortgagor and the generic sounding s-corp I've had since 2003 as the mortgagee. 

A property with no room for improvement might actually be less attractive to a buyer, because there is no upside.Also, with a syndication, you'll have investors who trust you with their money for 5-7 years, but not for 20 or 30.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Based on that demand the closing agent would give him $30k, reconvey his loan and record a new trust deed/mortgage in favor of the new lender for $80k. 

We are still building our contractor team and would like any trusted, tested, referrals that you’re willing to share.

PM me off list with an email address and I can send you a Document that Texas Association Of REALTORS (TAR) suggest for members to use with landlords having questions about granting access to Assistance Animals.