The building entering the 5th year you will have more capex in years 6 to 10 then occurred in years 1 to 5.The 7% cap is decent but the good part is only 10% down.

It's weird because the tenants upstairs say they're pretty sure he's in there, but he won't answer his door when anyone knocks.Since I can't reach him, I'll start by showing up and just knocking on his door (but not entering).

The best way to take a close friend and make them a mortal enemy is enter a business relationship with them that goes sideways.I would set up your own LLC, buy the properties from the other LLC, and let that company shut itself down.

Business goals are on a big 3m white board page stuck on the wall.Vision board with pics on a separate board.Tracking, all finances, receipts, checking accounts etc get entered and tracked in quickbooks.

Entering into a JV for a specific project allows you to capitalize on experience and contacts that you didn't previously have.

I have entered a comfort zone with most of my subs and the relationship and accountability is almost impossible to replace.

While you will have a hard time articulating any specific feature that might lessen the amount of time the loan is outstanding, such as through a balloon, while maintaining a reasonable payment, it will at the least put the group of you on the same page to talk maturely about the arrangements everyone is entering into.

Be careful of entering into contracts with people in foreclosure, especially this close to an auction date, if you don't know exactly what you're doing.

How do I enter an assignment of contact with a seller?

All well, EXCEPT: neighbor has a pack of dogs (4 or 5) in the backyard and they stir up one heck of a racket every time someone enters the backyard or deck of the adjacent property (presumably that's the case for the neighbors on both sides).