Ask questions here - there is a lot of wisdom (some days anyhow)

Sounds like a good deal and you must be handy to have done all that work.

Whoever created the trust should be able to help you with that.

Rather than that, if a loan is called because the property underwent a condo conversion (apartments into condos) or subdivision process without the lenders awareness/approval, would they still be required to offer a preforeclosure period before being able to foreclose, as is the case for lack of payment?

Just speak to your broker about it and they should be able to give you some easy solutions.

(Some of us have more than one...)So here you are.Your first step should be to get the facts and then reassess your options.You'll need realistic and accurate estimates of your ARV, your remaining repair expense, market rent, and total projected holding costs.If you run your numbers and you can still make this work as a rental, then great!

Thanks, good to know.  

If you are wanting to manage someone else's property and aren't even local to the property you aren't adding much value.

Hey, Looking to start a good discussion for new investors.

I would be happy to help you look at your deal and anything else related if you like.