Wifey has found a brand new neighborhood right on the edge of the town limits (no town taxes), in the absolute PERFECT school district for our kids (2.5 years and 6 months) and on top of that a family friend is the RE Agent selling the neighborhood.

The "Title-Lender's Policy" is essentially title insurance that covers the amount of the loan.  

This is essentially saying the market rent needs to be equal or greater to the total mortgage payment (collected during appraisal).

Since that time, bulk owners have purchased thousands of units, some of them at bargain prices, and now seven years later, most condominium“The Florida Distressed Condominium Act was essential to the recovery of Florida’s condominium market”, says Carlos R Arias, Partner with Arias Bosinger, PLLC.

However, from my understanding, house hacking is essentially splitting a property into two parts, business and personal.

This structure gives the investor a chance to get out of the ARM with little or no penalties after year 2 (1% is almost negligible in most scenarios) and essentially gives a 3 year window to refi before any adjustments ever occur.

Essentially this property never hit the market for re-sale.

I know there is talk of creating a virtual mentor program (I think essentially where you do a case study online) but nothing is finalized there yet.  

In conclusion, keeping ownership stakes consistent is essential for rewarding the partner who took a higher risk and for encouraging everyone to stay equally invested in the success of the business.

There are no shortage of lipsticked pig properties out there, and learning to spot them is essential for successful RE investing...we're all susceptible to "shiny object syndrome", but being aware of it is the first step to avoiding it!