Thanks10 new Development LLC, A new jersey limited liability company.This certifies that Borrower Name1 is a member of the above-named limited liability company and is the owner of Fifty (50) units and is entitled to the full benefits and privileges of such membership, subject to the duties and obligations, as more fully set forth in the Limited Liability Company Operating Agreement.Whereas, Borrower Name1, hereby sells, assigns, and transfers unto Lender Name, successors and/or assigns as their interest may appear his Fifty (50) units Membership Interest in consideration for a loan in the amount of $Amount.00.IN WITNESS WHEREOF, the Limited Liability Company has caused this Certificate to be executed by its duly authorized members this Date 2024.

Un-hosted stays are limited to 90 days maximum per year and the owner has to reside in the property at least 9 months out of the year.

The standard management fee for REI is 10%, for an owner with less than 5 properties, and that's pricier than some other companies.

Is it feasible that the previous owner split the property this way as a malicious effort against the foreclosing bank so that the parcel couldn't be sold?

I'm now looking for my next deal, hopefully an owner occupied multi family.

I've seen assessment that need to be paid by each owner between 30 to 50k on the cheaper side (some as high as 60-80k) while their HOA doubled to collect up for their reserves and unforeseen higher cost. 

Typically, when asking for owner-financing, you have to also give them something of value.Often, it's a higher purchase price.So, you may not be able to negotiate both, but you can always try.

The previous owner was starting a new business and was ready to be done with real estate.

I am in the midst of negotiating a deal now, and the seller has been a tough cookie but has agreed to owner carry with a large downpayment.

I have read the forum for years, but I don't remember reading that most rentals had an indoor pool.It could also have to do with that owner spending all those boost credits.