Liquidating distressed notes is how I put food on the table for my family and they've taken unfair advantage of a system that's meant to help people.

I was at the closing table and I get a last minute text from my contractor that the city permits were rejected and needed another 30-40 grand to overcome.

To be clear, there will be no mortgage, just this loan.I'm trying to get an offer on the table Monday morning.

In addition to what Payton said, you need to look at other lot characteristics like parking space requirements (6 vs 2 -- table 12.202 of municode) and setbacks.

Here's a table I've created.

Hot tub, pool table, outdoor living area with firepit, things for people to do and have fun together,

@Kelby Cox banks will usually fund 70-80% of the transaction, while you have to bring 20-30% equity as down payment to the table.

I would show them an amortization table & what they will recoup in 5 years.

Control: Decisions are made jointly about the property and all decisions are brought to the table by both partners to see if we are in agreement.

I dont see a $45k property appreciating that much in 5 years I would guess on a good day maybe being worth $50k (see my appreciation table below) so that would mean less people who will be able to buy it from you thus if you did in the future want to exit and sell this property you will likely have to seller finance (like these guys who are selling to you are because they know all of that and have no underwriting) or help someone find a non-conventional lender like a local bank and typically local banks do not like to lend to out of state investors for this very reason.