MelvinPerhaps you can BUY their property from them on WRAP Around financing basis You pay them on a WRAP AROUND Note (eg. perhaps $1.00 over their existing loan balance) of where they can LEASE the home you and also give you an option to buy SUBJECT TO their loan if or when you exercise the option.

You only need a place to track tenant information, payment history, maintenance, etc.

This can help you make the most informed decision.

Investment Info:Single-family residence buy & hold investment in Atlanta.

Investors often buy these properties with a plan to gradually upgrade units and increase rents, or even redevelop them down the line if zoning laws permit.

For instance, if when you buy you see the property will need a new roof in 5 years, is it more expensive to fix it now, or later? 

Investment Info:Single-family residence buy & hold investment in Atlanta.

I've learned about hard money or direct loan companies but everyone I've talked to so far I can't really say I'd trust them with my personal information much less to to a financing deal with.

Its just human nature to buy or change lifestyle as one gets more successful but not at the expense of pilfering the projects. 

The issue is that the relinquished property in Boston is held in our partnership LLC, and in order to satisfy the 1031 Exchange requirements, we *MUST* close and take title under the same name on both the buy & sell side.