I’ve been daring to look at properties on Zillow and LoopNet again for 4 unit properties to stay under the “commercial” labelI’m not sure how long it will take me to rebuild savings, and I am digging myself out of debt albeit slowly. 

How dare you imply that I tried to commit fraud?

When I lived there it started getting real hairy just north of Grove, you didn't dare go anywhere near Bergen-Lafayette or the Heights.

The plan is to hold for 5 years then sell.Loan amount for each is $2.2MOption 1 (this term sheet was 11 pages long so let me know if anything important is missing to include): The Loan Amount shall be limited to the lesser of (i) $2,221,000,(ii) 75.0% of the sum of the (a) Land Value (as hereinafterdefined), (b) cost to construct the Townhomes, (c) amount neededto fund the Allocations (as hereinafter defined), and (d) amountneeded to fund closing costs and related expenses ([a], [b], [c], and[d] are hereinafter collectively referred to as “Project Costs”), or(iii) 70.0% of the appraised value of the Property “as-stabilized”.The other 25% needs to be invested by us (we own land outright) + any other soft costs of the project and go towards that. 

Clint Coons is just another seminar guy who is a licensed attorney in Washington yet he dares presenting and selling as an attorney in other states Sooner or later he will get reprimanded and/or disbarred!

How dare Vena earn money for teaching people her expertise. 

Then each residential property has a C/O, so can have a SFH in a 2 family zone, which you may convert to a duplex, without zoning approval, but need to file plans for a permit to convert.And yes, many, and I dare say many SFH, and most duplexes built with a vacant basement had been illegally converted to apartments where I am and rented out.

Don't you dare give up!

Maybe at, dare I say under 15 TOTAL, purchase/ rehab/ closing/ due diligence, and even then you might be hard pressed to come up with $125 a month cashflow on your investment.

D.   Are