So what sort of actions are you taking to get through phase 1?

The guarantee however has meat on the bone for the lender or cross collateralizing other properties as security.Really a personal guarantee doesn't phase me.

You could have found a gem at the right price but you need more research as more often than not it's the opposite case.I would probably verify all this during the "due diligence" phase, but the demographic are low to middleclass immigrants that were placed at the apartment over the past 2 years under the existing managment.

I commend you for aproaching it in a phased manner.

We are still in the early stage of our Tech 2.0 IPO phase.

If you don't plan ahead and find ACM's after your purchase as you prepare to do repairs, you will find that it can be very expensive.Another thing to consider is having a Phase I environmental done as this is considered a commercial property and may be required by your lender.

3,000 is a lot just for inspection only on that size.Does the inspector provide a cost reserve stable and environmental phase one?

A sale-leaseback is done by developers/builders to pull cash out of properties, usually in the first phase and often with an option to repurchase in terms of less than five years, is common here with a large home builder.

They will escrow the rehab money and release it upon completion of phases of rehab.

.* I have contractor ready and he said he will pull all permits,etc. doing a phased contract where we make payments based on milestones* I am looking into getting insurance to be safe for property for theft,etc. but its in a decent area so not as worried* All cash deal and we have cash on hand so not worried about that.* He is giving me a contract and wants a cashiers check of 5K with contract signing.