And as long as you are purchasing, there is no reason to rent to anybody.  

@Rodney Marcantel any specific reason why you need private lenders?  

@Edith TenBroek  for whatever reason its very difficult to get people to post when they make a major boo boo in investing they just tend to slink off into the sunset and never come back on line.. 

It sort of is the effect of saying it's an asset that can't be expensed for some reason or other.

If you plan on knocking it down, the only reason you would have insurance to cover the building is to pay for the removal of debris if it started on fire.

That's a potential red flag but assuming he has a valid reason then not a big deal.What is meant by minimum 10% guaranteed return?

Regardless of a tenant physically being at the rental or not doesn't mean they don't pay rent.When you are in the hospital or away for any other reason, your mortgage is still due.

Our investors get an idea of what they think the rent will be, then I will give them my opinion and we discuss the reasons for the differences.

There are lots of reasons why he actually may love a promissory note.  

Joba Aladeselu it won't let me message you for some reason.