I love that have your mind set on MF but there is no need to go through the headache of zoning, permits, rehab, rehab timeline, carrying costs while you're rehabbing and don't have tenants in there. 

Embarking on a work holiday, and my sights are set on Destin.

Without clear terms in promissory notes with punitive measures to set standards for performance, and security against the subject property, there's little incentive for timely repayment.🛑 Insufficient property equityLending without enough equity in the secured property as-is can leave you unable to recoup your investment in case of default.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

That means an estate would have to be set up.

Q&A as well as getting a LLC set up.Thanks.

I am much closer to 60 than 30 and I promise, inflation adjusted, I spend way more money now than when I was 30.

He has a portfolio of 100+ homes, with the adjustable rate loans killing him.

Personally set up and ran over 100 properties.

The contenders and pretenders are set to be revealed.What changes are you making to increase operational efficiency and/or cut expenses?