Typically interest only monthly payments during what is called the draw period, but fully amortizing payments during the repayment period.

Secure yourself an ample due diligence period and then use it to interact with the tenants to see how satisfied they are with the building.

Do you think a website would make finding/dealing with multiple bird dogs make it more efficient?

From what I've been told, you can only get massive results from taking massive action and to be successful, one must develop the correct habits of practicing the right actions consistently over a long period of time.

If need be, you can always renegotiate during your inspection period

Make sure you get a non-refundable deposit from your cash buyer in the amount of at least $2,000 with a very short (1 day) inspection period.

Shortsale is possible but given that it takes 6-12 months to do a shortsale, the 90 day-period prior to auction is too short.John approached me about his hedge fund that can buy notes - "one offs" - meaning one note at a time versus in bulk - provided the unpaid balance is $600K and above (or a jumbo loan).The idea here is get the hedge fund to buy the note at a discount and then I can buy the note from the hedge fund.

In NYS attorney's have final say, period.

Once we are under contract we have at least a 30 day DD period and will walk every unit.

You will be responsible for depreciation recaptureon the $18k depreciation, which I believe is taxed at a rate of 25%.Remember, you cannot sell more than one home in a 2 year period.