Many banks will also allow you to sell to a third party and waive the prepayment penalty.

During the feasibility period you will want to:1) Perform inspections of the property2) Get estoppel certificates from all the tenants3) Get all leases4) Get copies of all financial information, including copies of all expenses paid for at least the last year.5) Get rent roll6) Determine if a certificate of occupancy is required, and find out if the seller has one.Those are a few of the items you will want to see during the feasibility period.As far as the HVAC, if the unit was installed in the 80's, it's well past its useful life.

I'm almost done deploying the second fund and am now about to start on the third.  

(They should perform at least a quarterly inspection.)9.How do you handle capital improvements?

Hi all,Went to an investor's meeting in my town and the organizer invests in performing and non-performing notes.

Chicago BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago. 

BP'ersIm doing some analysis for our upcoming sale of REO and Non-performing Notes in Chicago.

Or do they get paid for work performed?

Do you plan on performing a sub 2?

The financing agreement is a contract with a third party.