I know condo prices here don't usually go up a lot, but I'm hoping to find a good spot.

So, they think it's done and high-performing and you think it needs a complete makeover so you would be paying up to renovate.

The extra 10% would be split up as 6% max as seller concessions towards closing costs, then the remaining 4% would come off the principal loan amount. 

A lot of the projects that are going on here aren't finished yet and new projects and developments are popping up all the time.

These types of loans go under a lot more scrutiny than your run of the mill 65% LTV max mom and pop hard money lender. 

Gives credibility when pulling up to a location.  

Utilize the borrowed money to invest in additional properties.Die: Upon death, your heirs will receive these properties with a stepped up basis which can potentially eliminate capital gains tax on the appreciation that occurred on the properties during your lifetime.Have you utilized any of these strategies in your real estate portfolio?

Currently have a 24 year tenant, who has agreed to a new 3 year extension, where they take care of all utilitites, lawn service, snow removal and minor maintenance up to $400. 

It also bought us the freedom to travel without having much in the way of living expenses and opened up the possibility for us to cashflow while not in town.

It seems like that would be a question to ask the attorney that set up the trust up.Can you not get courtroom legal defense from the attorney that set this up - or is this person just telling you comply with the subpoena you have no choice ?