I hope he put $ down on this deal - if not that complicates it further but try and get a 1st with 50-70% LTV at around 9% (check usury laws) then do a 2nd at 12.Is this in his name or an LLC - will it be owner occupied - those play a roll in it as wellI would also put a balloon in it as well - 5 years (if OOC must be no shorter than 5 years)

No need to over complicate a simple solution.The cluster of people and incompetence we dealt with continued to the escrow agents.

I personally don’t really know any legitimate cash buyers who are advertising on Craigslist.Also don’t complicate this, just answer truthfully

This is a complicated situation with a lot of layers.

Most solar installers don't even offer battery backup as an option because these systems are very rare and the batteries add a lot of unnecessary expense and complication. 

This was almost one more example of a landlord in one area and property type oversimplifying what becomes a far more complicated matter in another area and property type.

Protect your business by preparing for the unexpected.This industry is complicated.

Rent Control is destructive and counterproductive and is complicated and expensive to administer.Click the link below to log in and send your message:https://www.votervoice.net/BroadcastLinks/k6csaabvI9rs4Swi9h2hrg This doesn't just effect Chicago but all parts of IL

If debt proceeds are kept separate, let's say you borrow $15k for a downpayment for rental property, that is rental interest and deducted as interest expense.If account are commingled, it gets very complicated.

And I have no problem exposing tactics that are unfair to investors trying to understand the complicated world of syndication investments.Having said that, I can't fault anyone for following your advice.