Either way -- I suggest you read the individual leases (not just one as they may be substantially different) to see how you can be in a position to get rid of the chronically past due if needed as well as frame for a future need of getting rid of the gentleman who is "getting back on his feet" in the event that he stumbles again.Good luck!

I've found that 80%-100%+ leverage is common amongst individual real estate investors, but is generally considered very imprudent by institutional standards.The ultimate decision on whether or not you're overleveraged and what to do about it is your own, of course.

I'm excited to surround myself with like-minded individuals to bounce ideas off of and learn more every day. 

I spoke with a project manager who assures me that they do fix and flips all the time, and they are NOT worried about getting paid so long as there is a contract in place.2) Use the HML to finance the purchase ONLY ($43K), and work with a contractor that offers financing, preferably at a lower interest rate than you'd get from rolling the rehab into the HML.

My wife and I keep getting the itch to buy a VRBO'able vacation condo, preferably on the Gulf coast.

This happens every cycle and It holds true for equities as well. this is when you switch to being a lender at far less than ARV.... if the deal is skinny its skinny to the flipper not you. back in 02 ish as I had a nice run at court house steps in the PDX metro area.. the last auction I attended was in Wash. co.. minimum bid was 80k on a Aloha 160k rancher..  35 individual bidders qualified so that was 35 people with say at least 100k in cashiers checks all crowded into the little foyee there.. so 3.5 million in CASH chasing one deal that ended up bidding up to maybe a 10k profit .I walked over to my bank and told my banker I am going to start a HML company so be prepared to change all my LOC's to a lending facility.. let everyone else bang their head against the wall we will just provide the capital   LOL.. well that worked great until it did not in 08.. but you know what I mean.. sometimes being the bank is far more profitable than being the flipper..  

Someone could go after all of our investment assets if they are all in our name vs. in individual LLCs.

I agree about the people preferring the Belton school district over the Temple one. 

I've made all of the tenants aware that I haven't received payment from a 5th individual but none have responded.

I've made all of the tenants aware that I haven't received payment from a 5th individual but none have responded.