Andy wholesaler that has a website with pictures of a house on it.. and bed bath descriptions.. or runs any craiglists adds or BP market place adds describing the home and pictures of it.. is simply breaking the law.But the laws get broken everyday.. so until the time comes that regulators want to actually cut down on this activity it will run rampant.now on the lending side..

Yet you never relate a description of it applies to the moral question that original poster asks.

Description Debit Credit Purchase price 89500.00 Deposit (Earnest Money) 1000.00 Loan Amount 85900.00 *Other property as collateral Prorated 2018 Taxes 559.66 Title Charges Closing Protection Letter 12.50 Comp Endorsement 12.50 EPA Endorsement 12.50 Lenders Title Ins 487.50 Owners Title Ins 182.75 Recording of Deed 16.00 Escrow Closing Fee 50.00 Termite Inspection 85.60 Totals 86759.35 87459.66 Check to me at Closing 700.31 This was a bit of a special one since I was using collateral, but when I’ve put 20% down I was seeing roughly the same results, with the exception of needing to cut them a check for the 20%.I would be looking for a new bank and title company.

I could give you horror stories of ways that these teams fouled up their own margins by recording the wrong rights with the wrong legal descriptions... or by taking all their rights, getting a giant cross-collateralized Mortgage across them all (over 300 assets!)

We are landlords, the job description does not include holding hands or wiping butts.  

If you decide you want your VAs to be on the front line (answering calls, screening leads, etc) then include in your job description that you want someone that speaks fluent English and has prior phone skills.

But also have a prepared Quit Claim Deed, (with accurate legal description), pull it out and show it to him and tell him how excited you were -before all the problems. 

See Exactly how the legal description reads.  

Your description does not sound like Riverside to me.

12-units are fairly small to get economies of scale - sharing a heating plant would help - but large enough you are dealing with commercial facilities.Based upon your description of the units and common areas, I would assume a full overhaul/upgrade of each was going to be required over the next 3-5 years (at 10-15K/unit, you will be budgeting 240K - 360K ... this will include your common areas ... and hoping you can do it cheaper).