This was a cash purchase and I plan to finance out after the remodel is completed, so I will have quite a bit of cash tied up for several weeks on this property.I hope everyone is doing well on your projects.Cliff

I found from driving around, saw a nasty tenant house, looked up the owner and left messages on the phone #'s that looked to be tied to the owner.  

I am based in the South Bay, so I personally don't have any money tied up in that city because it is outside of my driving radius. 

It tied up the closing for 3 days waiting on HUD to sign off before the title could be transferred. 

I think writing promissory notes and never tying it to real estate might still be skirting the lines of securities.

@Travis Lloyd  we always present copies of bank statements much stronger than so and so is approved for a loan subject to final review of financials blah blah blah..  

Items that are not tied down tend to walk away and are often hard to inventory.  

@Patrick Noel...did the lender require you to show proof that you had the funds for a 6 month reserve, or somehow tie that into the amount you would have to put down?

A recent voluntary conversion in our neighbor cost the home owners $18,000 per home to tie into city lines.  

I'm using your idea of the PM as customer with city/building/apartment as class/subclass/sub-subclass.I haven't figured out how to tie the tenant to the apartment so I'm just including their name in the memo field after the actual transaction date.