Mail the Heirs a letter explaining you want to buy the property.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I explained it to you in terms of triple net leasing.

This post was prompted by a discussion of a specific STR-related tax strategy on another thread. But the concepts apply across a wide range of topics, so I'm posting my TED talk separately.
1. The annual nature of ta...

I would connect with a broker who can help you compare terms across a wide variety of lenders and explain the differences in underwriting, rates, fees, etc.

Probably based on this "Within 21 days after move-out, the landlord must send the tenant an itemized statement explaining in detail any deductions from the security deposit (unless they total less than $125), and return the rest of the deposit."

In my opinion, this explains the motivation for Pillario to give me an unrealistically high number.

This structure explains why institutional players dominate - they likely have the capital, connections, and infrastructure to operate effectively in such an environment.

Best way to do it is to have a simultaneous closing...look for an investor friendly title company and a hard money lender that is used often in your market and explain what you would like to do and ask them to help you accomplish it...Everyone likes to feel like an expert, they would happy to show you how it is done.

Let me explain.