I also hope you got a personal guarantee and have advised your borrower that you intend to enforce it.

You're going to have to give a personal guarantee, which means if your LLC defaults on that house they still can recover from you. 

She was having significant anxiety and personal problems and once she lost control of it she could not regain any ground. 

I have a property in south Texas that has two homes on it.

Does anyone have a title companies that they use for Sub2 (and Wrap) deals here in Central Florida? 

@Sam Epperson I am actually licensed in FL.

The real trick is making sure you’ve got a handle on who’s active in your target area.

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

Is anyone here a real estate investor in the Central IL area?

Your lender will need you to move in within 60 days.So how do you get the seller to deliver the bad news?