The tax collectors here are very clear and explicit, as is escrow, that you are responsible for all amounts due after closing, whether or not you get a bill.

I have a house on 1st Avenue South, near the intersection of Oporto Madrid Boulevard which the local element has done some damage to, and yes, stolen the central HVAC unit, which is possibly why the owner is looking to sell (along with the fact that the property doesn't cash flow).

I feel that my equity position and the accelerated paydown of principle on my current notes will increase my ability to secure financing from private sources as well as commercisl notes in the future.

.* Need to be careful regarding a partner's ability to sell their membership interest to another party.* How will the more active partner(s) be compensated fairly?

I considered doing a simple rate/term refi after the rehab was done, but with the ability to actually pull cash out of the deal on a cash out refi, making my cash-on-cash ROI an infinite amount, I decided to go this route.

For me I have the flexibility at work and I will make it work for others that do not have the ability to do so I suggest a few things. 1.

@Katie Church  It all went smooth... i actually forgot about this ... but it was a Bill Gulley said i was just making up stuff in my mind and really wanted / needed that home to go through... and it did... we also stayed on and managed the home for the buyer .... so it was a win win win situation

A bill revising the Biggert-Maxine Waters Flood insurance increase has passed the US House and is expected to pass the US senate shortly.

Regardless I do agree: If you are going to be a professional, do it to the best of your abilities.

What would an extra $30k to $50k do to your ability to make deals happen?