Also if you are going to syndicate, do not use a 504 offering, even if the lawyer advises it.

Like we have talked about there is a reason we in the industry advise people to have proper reserves and set aside money for vacancy.

Any advise?

@John Gouani I would absolutely advise against you trying to do this paperwork yourself.

Hi Everyone,

So after countless hours of listening to podcasts, surfing these forums learning from you all, and reading tons of articles/books I am super pumped to finally be closing on my first property in abou...

Get a different plumber, fix the problem and when their lease is up, do not renew it.Hey Theresa, in an unrelated matter, the tenants are *crap* for paying rent and utilities on time, so my attorney advised to consider that route to evict.

I advise you work with not just a lender that knows 2-4 units VERY WELL (and funds more than just 1 deal every couple/few months), but also a well-versed agent, attorney, home inspector, and insurance agent as well. 

So here is the breakdown.TPO install w/5 inch insulation with with permit is 28k (deposit on company, 18 month financing) orTPO coverup up on top of existing roof 19k (no insulation install) oror TPO install w/1 inch insulation don't apply for permit and see what happens with other companies (25 to 39k)Anyone with experiences with TPO roof installation or any advise in this situation would be greatly appreciated. 

How do you advise your clients on where to draw the line between administrative and investment oversight (if this is even accurate or the correct way to view it) and something that would be prohibited?

I would appreciate any advise.