I bought a property two years ago in NC through a turnkey investment operation.

It's kind of ironic that it's mostly the big players that benefit from the stock market -- CEOS, hedge fund operators ...but it is an investment that is marketed to the average employee/investor.

County assessor for tax purposes has nothing to do with a value of a house.All of these tax assessors operate differently and use different formulas to come up with an evaluation.

LOL Your dad is a heck of an operator/investor, follow his advice!

I am sure the market in Anchorage and Alaska operates very differently from many of the other states.Who is holding your loan now??

Get your operation off "stuck!"

Your arguments to the contrary, or soft back pedaling, make you look inexperienced, unknowledgeable and just plain ridiculous.The reason private lenders do not want to lend on owner occupied homes is that those loans must comply with the SAFE act, resulting in burdensome regulations, increased costs, and greatly increased risks of litigation.

$870 x 12 = $10,440 This is your annual NOI (presuming you are right and the operating costs do not exceed 50%).

Appraisers all operate differently and the next guy/gal might not ask for permits at all.

Write up a joint venture agreement or if LLC's are cheap in your state, set up a partnership LLC detailing in the operating agreement how the funding and payments will work.