This year I started an llc with a few friends of mine from college and we are looking to rehab single family properties in the Baltimore County and PG County areas.

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@Yasir LillingstonLook up Ed Slot CPA who has large network of IRA CPAs all over the country.

@Shadonna Logan I have used Nicci Parrish with Impress Me Home Staging for 2 of my rehab properties in PG County and I will use her again.

I'm in the PG County area, if you'd like to ever chat.

You can do better than that ratio in PG County.

Unless there is a $amount in the slot, it has no significance.TAR does show some options in the lease, but they must be marked or filled-in to be in effect.notice interval, late fee structure, lawn care, etc. are all sections with options for who does what, timing, cost, etc.

In my view this is what HML lenders do all day long so it's just talking to a few lenders to find one who'll back you and the deal.My view is that due to the popularity of building parks in the 60's and 70's and the now age of the founder is quite advanced, there;'s lots of dilapidated parks all over the country in this or nearly this bad a shape.  

I'm planning to jump in evenings & weekends when I have most of my empty time slots, starting with tonight.

Harold its risk reward and what your comfortable with.8% is basically bank money I borrow from banks at 1 and 5.5 to 6.. so 6.5 to 7% apr.. and those are FULL doc deals with PG's etc.at 8% I would want to know this guy has money and get a PG  ( personal Gurantee) you may also ask for some equity as well.. very common in these deals.. its called a participation mortgage I have been doing those for 30 years they work great.ground up construction is risky from a lender point of view.. you have things to think about and worry about.1. what happens if it gets half way done and the builder walks.2. are the subs being paid... you want to monitor that as well.some things to think about.and generally I am not one to run off to an attorney at the drop of a hat.. but for a 500k deal I would have an attorney write this one up for you and go through the risk factors in your state