Our strategy is to buy and hold, benefit from the positive monthly cash flows, and sell after about 5 years of stress free property management.The issue I am having is selecting finishes that are reasonably affordable (dare I say cheap), durable for renters, and still get top $ on an appraisal when we go to refinance. 

Our strategy is to buy and hold, benefit from the positive monthly cash flows, and sell after about 5 years of stress free property management.The issue I am having is selecting finishes that are reasonably affordable (dare I say cheap), durable for renters, and still get top $ on an appraisal when we go to refinance. 

@Chris Virgil-Stone Thanks for sharing your mistake with the community, to help us learn from it.So the main takeaways are:1.

There is a main meeting at the end of the month and happy hour the first or second week of the month.

You can immediately see the benefits of having a proper estate plan in place for the ease of transition rather than going through probate.

or cash.. and scoop the deals when and if that time comes around again. but I think its fair to say 08 to 2012 was a very unique set of circumstances and other than a one horse town or one mill town or one main manufacturing town.. were the mill or plant closes and real estate tumbles.. we just never saw such a wide spread loss of values.. 

@Becca SummersThe last one was an estate sale 2/1 1700sf no garage that had 4ft of water sitting in the basement and standing water on the main level.

You're correct that improperly drafted documents and noncompliance could compromise the asset protection benefits of the structure. 

I assume the main purpose of the contract is to ensure that any additional training and mentoring does not turn into a waste of time and money for the RE company if the new agent is untethered and decides to leave for another RE company.2). 

So, like they say, past performance not a guarantee of future results.That being said, in principle, you have options if hit with the DOS letter: you can refinance (if in a good position for that) or pay off the loan, or the problem can be cured easily by transferring the property back (and you can play this game back and forth repeatedly with the bank).The main problem you have, IMHO, is the partnership.