He probably is not aware of the full scope of work involved.

As far as structuring goes, you can set the terms anyway  that makes sense for all parties involved.

We are willing to put in the offer, but just reaching out for any advice for or against dong so, and also what do you think overall, is it worth getting involved with that inside knowledge from the current resident?

Hi Guys, I am interested to know the strategy to buy +60% of controlling shares of Co-Op building in order to convert it into rental units, has anyone been involved in this kind of deal?

In fact, I advise the owner to stay away so they don't get involved and cause problems.

My understanding is that since late fees cannot be assessed until rent is 30 days past due, the state views discounts to pay by some certain date as a late fee in disguise.Regarding the lease options or lease purchases, I am not sure how they're structured here as I have not been involved in any.

Hello everybody, I’m a new member to the bigger pockets community but have been involved in buy and hold rentals for 5 years.

Thanks a lot man,,,It's interesting that there are so many people that would rather bet on appreciation....rather than go for cashflow.

and involve a bank in the equation!

There are two steps involved First, what you need to do is: A) First figure out your casualty loss ( even though you received the money form the insurance, they usually pay after your deductible amount, the deductible amount could be your loss, at the least.