The tile will be held in the partner's LLC and I will hold a 1st position mortgage against the property.

Needs some work on a metal security door.

@Will Barnard at 155k ltv would be 65% of arv with the 15k held in escrow for after rehab was completed.  

This was my thought, but I held off.

But wealth isn't held in large amounts in real estate.

I'm smarter than all my colleagues but its held against me.

Not necessarily looking to be the next Trump, but want to get away from the soul-sucking desk jobs I've held for 20+ years. 

Until they've actually held over (or failed to pay rent, or otherwise breached the lease), you don't have a valid cause of action against the tenants for forcible entry and detainer.

all you need is a sheet metal shop make to your dimensions.

Kleisch are currently approved for financing through Greenwood State Bank in Evansville WI.The creation and building of Business Credit is also a priority.Seller Financing of 5%-100% will be utilized when available and if the terms are acceptable, in addition to other creative financing options.Private Investors:Private Investor funds will be utilized as necessary.The Kleisch’s currently have $20,000 available from a HELOC (Home Equity Line Of Credit) to use as necessary.Repair costs required prior to occupancy will be funded by one of the resources above.Private Investor Funding InformationGeneral Information: Funds will be held by a Title Company and withdrawals can only be made with the Private Investors approval.