I greatly appreciate this place and the wealth of knowledge and advice that this place has.

Sure, some knowledge is better than none but many very influencing things have changed.

Just so Tony doesn't have to bust out the numbers for now - (maybe he will later) I am going to make a wild guess with no market knowledge in his area, based on materials in picture, that it cost Tony $200 per sq ft including lot and permit costs, putting his profit around $137k gross.

My concern is if he moves out and I have no prior knowledge of the apartment prior to him moving in a year ago how can I legally keep any of his deposit if he moves to cover wear and tear?

or did they rent this out without your knowledge AND agreement?

Rehab:Our construction knowledge is limited and neither my partner nor my self have taken on a full rehab project before.

Work Knowledge or brings additional funds to the table. 4.

You will find more knowledge, experience and expertise right here on these forums, than you will in any book you find.

It may be a case of the blind leading the blind.That and we don't need Steve B's blood pressure sky rocketing, he has knowledge to disseminate!

Personally, I think a lot of it boils down to if a broker can hold an intelligent conversation as to the loan process, required documents, what the lender charges and when, etc.Anyone who has been in the CRE finance sector for any amount of time should be able to talk with a reasonable degree of confidence, and knowledge, about whatever they're offering.The loan process, and requirements, differ from program to program.