Have you spoken, with the current Management Company, to ascertain if there is any existing maintenance that have been deferred such as roof replacement, window replacement, major electrical and plumbing systems, etc.?

The lending can be easier on this, too.Find an existing multi-family lot that is large enough to work with.

However, Reg D compliance actually protects the issuer as it is a safe harbor, the issuer utilizing a non safe harbor private placement exemption subjects his offering to interpretation by security regulatory agencies.All this is of little concern to the passive participant as long as he obtains full disclosureWhat is of more concern is the licensing, if any, needed to broker, manage, and service notes.Purchase of existing notes, whether residentential or commercial requires no license.

Too many meetings is the bane of my existence, ha.

Hello BP,I'm in contract on a nice little rental house that has some great potential, there is just one catch.The existing tenants (very nice people) are an elderly couple (75+), on a fixed income, have a laundry list of health issues, and have a ton of stuff in the house, not hoarders but more stuff than 2 people should have.

There's a lot to learn and thankfully, this site exists.

we take the first month and sec. dep at lease signing, unless special circumstances exist, I think Brandon may be referring to Ernest money that would be applied to first month, and that would have little regulation, unless you are licensed, and use state forms that direct where the money goes, and how it would be distributed. 

Use the loan that I just used to buy my first duplex in MN: Portfolio Conventional Loan, 3% Down Payment, No Mortgage Insurance (yes this loan really exists - - and it works in Ohio and Idaho (I just checked).

Acquiring Subject to Existing Financing7.

How many existing layers to be removed?