I'm also assuming that you meant purchase price + rehab, not just purchase price.If it is gross rent (i.e, not subject to the 50% rule, which the name would imply) then the GRM is .83.

I was minimizing it as an investment and in no way implied it should be anyone's biggest investment.

Are you implying the landlord puts a lien on something?

OTH, if someone doesn't pay miuch attention to their business, they operate in a care free manner, are often negligent in other aspects of life, then doing all you can do to hide out might be a good way to go.This public liability razz is way over hiped IMO and insurance is your best solution.Hey, not implying our OP is paranoid, I know he has good reason to be concerned from other posts, but don't take legal advice from a CPA and don't ask your attorney to set up your accounting systems.

I think having a supporting mentor, trainer or group will work wonders to help evolve skill sets.

if you mean is there a signed document saying that this is a MTM lease then no.I assumed the 31 days was implied by the state but it sounds like it is not... :(

It is also important to notate what is being implied here is the conveyance of BOTH the security instrument (DOT/Mortgage) and the Note.

(not implying that you're not.)I could work with the original deed holder if I can't find another way, but he's a little difficult so I'm trying to avoid him.

I really can have no respect for anyone as an American, who would imply that an agency of government service professionals would attempt to act politically, just insane, there are probably as many repubs as dems in those agencies.

I would guess that what they are implying is that since you were not an owner at the time you emailed them initially, then they had no reason to be considering anything from you in regards to architectural changes.