However, I’d like to share some “doodles” with you concerning your ~8 acre site to get and give some perspective to the development of your property and how it can play in its development.Snap Shot 1 Shows 8.6 acres as land area, 35 | units | acre as density and an average unit size of 900 square feet to arrive at Net Rentable Area (NRA) of 270,000 sq ft.

Play with a mortgage amortization schedule and you’ll find out you will most likely make more money in the long run.

Things like the decision to put property in an LLC, buy in an LLC, or buy in your own name is highly dependent on all of the individual factors at play for the investor.

There're many ways to skin a cat, as they say, and it's really up to you as to which way to play.

At best they think you are a coward and they will play you out.

But if you want fast cash flow, a mobile home park is probably a good play.

Mesquite is the worst and will play the inspection game with you to make being a landlord miserable.

I agree with the no to the boat and while I am usually fine with tenants finding significant others and moving them in (as long as the occupancy numbers are safe), this one sounds like a gambling debt coming in hot after a night in Vegas.

If you are doing a value-add play, local banks and credit unions usually have minimal pre-payment penalties when compared to agency debt and allow you to choose a 5 or 10 year term.

This could all be avoided if the original foreclosure process checked everything it needed to check to actually move forward with a valid foreclosure.Also, covid may have played a part in this one way or another but, they were foreclosed on precovid.