If you wish to speak further, please contact me directly.Abundantly, DJ Savoy

In this case  there's this dynamic of a strained family relationship where these individuals don't and will not speak to each other.

So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses-  (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story. 

In legal speak, the LLC has not “assumed” the debt.Whether you should or not is something you should decide with advice of counsel.Finally, this advice is based on Idaho law. 

You have land with an existing structure on it, raw land, land that has been entitled, etc.The topography of the land, any views,if it has streams, flood plains, endangered species, weird lot size, etc. can all have big impacts on value. 

Im not sure if the car was loaned to her by the dad or if it was the tenants vehicle but the seller doesn’t have money to pay the bills and also thinks something isn’t adding up with this car.In an attempt to assist the woman I gave her the contact info for the Baltimore Lawyer Referral Service (service available in every state where you pay ~$35 and can speak to an attorney in any field of law for 30 min and receive legal advice) so she can get legal advice and weigh her options and told her I can buy the property and close quickly on it and I mentioned regardless of the vehicle situation we can get her enough money to pay off the car and put money in her pocket easily.She seems really happy I’m assisting her but I know nothing about tenant laws or probate laws or even how a car can be tied to an estate.

Property manager will also have to be fluent in Spanish as most of the tenants only speak Spanish.

If there's entitlement, that person takes 10% of those costs to oversee that process. 

I knew that it was undervalued when I bought it.Generally speaking, brokers make cash flow seem rosier than is the actual case by leaving various expenses out. 

Was that for a 15 or 30 yr program ... did you go thru forma pre approval process ( providing all your data ) or did you just speak with them ?