Linwood Ave from Dave Koehn | PDF Attachment8/29/2016 - Received photos of 2021 Linwood Ave from Dave Koehn at Morris Invest8/29/2016 - Brian Freeman e-mails Dave Koehn of Morris Invest to take the Linwood property8/29/2016 - Nicole Meckley emails Brian purchase agreement8/30/2016 - Nicole Meckley emails Dan from Paramount Title9/7/2016 - Sale closing of Property9/12/2016 - Nicole Meckley sends me info for the cost to rehab; ($5,100) | Estimate Attachment | Wiring Instructions10/3/2016 - Nicole Meckley responds to Brian Freeman that the flip is now complete and they will send photos and start marketing the property;Note that the property never needed to be “marketed” as there was purportedly a tenant already in place at the time of sale of the property (see 12/13/2016 below)10/13/2016 - Nicole Meckley writes that the flip is complete and she only has a photo of the furnace because there’s a tenant in already;Note that if any rehab was done it was while there was a tenant occupying the property10/18/2016 - Nicole Meckley writes all of the contacts at Oceanpointe to start rent deposits;Note that Oceanpointe likely received and collected a month rent without remitting it to the new owner from closing date of 9/7/201610/31/2016 - I notify Morris Invest that I have already been cited by insurance for an improper dog breed;11/15/2016 - I write Clayton Morris that I never saw the before & after rehab photos; I ask for the lease paperwork.11/18/2016 - Bert Whalen tells me he will send me the photos personally;11/29/2016 - Nicole Meckley writes an email with photos after the flip that are of poor quality; she sends the repair estimate that states what was fixed; | Part 2 | Estimate11/29/2016 - Brian sends payment by wire via Wells Fargo $2,55012/13/2016 - I inform the Morris Invest team that I still do not have a copy of the lease;12/13/2016 - Clayton emails me a one page lease signed by a Kent Stork on 7/2/2016 (prior to my purchase of the property - I did not notice this at the time)Copy of lease4/17/17 I write to Clayton Morris informing him that the taxes doubled from the advertised taxes for the property;11/2/2017 - I write to Clayton informing him that I am being sued by the Marion County Health Department; | Copy of Summons and Complaint11/3/2017 I write to Clayton Morris asking if it’s normal to get sued by Marion County; he replies yes that his office handles it;11/3/2017 I write to Clayton Morris informing him that is was a surprise there were so many reported issues with the property;12/29/2017 - I inform Clayton / Oceanpointe that I was cited again and he tells me that they are working on it.

You’ll get a couple of different answers and one of them is relying on great insurance specifically for a STR.

The plan is to short term rent some rooms, or mid-term, and live in the primary until its doing so well I have to move out and refocus on a previous renovation that has stopped until this one is complete.

The current landlord is giving lease termination notice before I close I plan to rent the upstairs apartment to current or new tenant.Do I need an umbrella policy or will homeowners insurance be sufficient?

The plan is to short term rent some rooms, or mid-term, and live in the primary until its doing so well I have to move out and refocus on a previous renovation that has stopped until this one is complete.

I was living in Troy from 2017-2022 after initial plans to live in A2.

I always assumed ending a PM contract would be a no brainer, but here you're on the hook if you have plans to sell. 

At over 2400 sqft and a beautiful wrap around deck my investor planned to fully gut this property and get top dollar.

As a bit of fore sight, My business partner and I plan to scale the business to have employees.I am currently paid through my llc for selling homes, but the issue is that when I am to be paid for services of property management, the funds have to pass through my managing broker's office. 

This is an email I just received from their rep:"The initial appraisal cost would be paid by ReadyCap but the expense would be taken from any from the sale/refinance and settlement to release the lien.The plan would be to determine the amount of equity based on the updated appraisal and first lien and then negotiate a settlement with you for the release of the lien.