I also note that 75% LTV is standard.

Ask around here on BP and passive pockets for opinionsYes they put ads on Facebook because it can work - we see ads for very high returns on Facebook and people fall in love with the number - please note you are not the first or last to go through this.

I have a note on my Condotel in Florida.

.: Quote from @Archie NA: Please lift my ban, I am no able to post after copy and pasting my post from my notes app.Please send us an email to [email protected] so we can check your account. hi, Can you help me take a look my account too?

Of course the solo would also pay the notes.

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

We have assisted clients that hold property individually or in an entity and they transfer to another entity and have never had a lender call the note due. 

Currently most investors Fannie/Freddie, FHA , VA, USDA and most portfolio notes allow up to 6% in RE agent commissions.

I would suggest calling them and asking for their redemption process, and take DETAILED NOTES. 

Florida has some strong rental areas, but things like insurance, taxes, and property management can vary a lot depending on the city.If you ever want to compare notes or chat about market trends, happy to share what I’ve seen!