Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

We are wanting to have that completed prior to the new location opening.

What is the expected return on investment, and how does it compare to syndication in terms of advantages and disadvantages? 

Thus a DIL executed prior to default creates title insurance issues as you can't satisfy the underwriters' checklist -- prior default, comparison of value vs. amount owed, a negotiated DIL agreement, etc. 

Account Closed Hi Rhonda, If honest I spent about $8,000, some say its a lot, (my parents did) some say its small when compared to many programs out there, either way I took a leap of faith and saw the potential it had for my future.  

If you are raising capital from people you don’t have a prior relationship with, and even people who you do, they would regard you as serious only if you had a professional prepared PPM and Operating Agreement.

Other than that, it is really a light doc loan with not many strings attached compared to a conventional mortgage.

there you go. the problem is appraisal. comparable sales, and your approach to building an ADU against the recommendation of your market. super beginner strategy it's popular in ohio as well but just not worth the investment. 

Some people online (I’d be especially wary of prior Quest employees who were long ago let go as well as opportunistic custodian vultures) are being real a**hats & throwing tantrums over that…along with Quincy under the bus.

@Chris Kay - Bigger Pockets has an older book now called "Estimating Rehab Costs" that was published prior the pandemic.