Do market research and obtain a home inspection.This is how you can ensure that the home purchase price is fair before signing a contract.

The duplex is on a hill with a fairly steep grade driveway., but it is in Toledo, OH which is swampland.

However, communications with the bank were slow and uncertain and as a result they kept tacking on late fees and penalties which ate up a good portion of his good faith payments, such that he is still NOT good –in fact he’s 90 days and some $18K in arrears.

You also create protection for yourself by not making exceptions for anyone; fair housing and all.

You seem to be a fairly active note investor, and it appears to be working for you.

Appreciation applied can be a fairly linear approach.

Automate your business as much as possible - use voice mail for seller leads/tenant issues, create good Statement of Works for your contractors, move majority of relationships with insurance agents, contractors, etc to email first communication.4.

You can buy options on these fairly easily.

Please note that my advice was to see an attorney, to call officials and have them make a determination, not to accuse, but relay the facts.I said it sounds like....and, if the attorney is the note holder, I'd bet in such a case he'd hang his broker out to dry.The note, if originated illegally may be worthless.Joe, the applicable laws for OO so far are in the SAFE Act, TILA, Fair Credit Collections Act and state laws that will be similar to all states as to brokering.

But the local banks by me are all offering 4.5 to 5.25% for an interest rate on commercial loans for sfh - and the local banks aren't charging any points at all to do it.To me, I think an offering would be more fair at say 5% with a 5 year reset period (i.e. every 5 years, the rate resets based off some targeted funds rate - like Libor or something).That gives me a better rate going in and gives them some risk protection should rates go up significantly.Would like to hear if they've made any more adjustments to their program.