They did raise the condo fees and are building decent reserves over the last few years, but I've learned that officers in condo associations are not the best at budgeting or getting good deals on things like tree removal or storm drain repair and tend to waste a lot of money.  

Hi All, As a new investor, I have a couple of questions regarding raising private money.

Also the more I dread raising the rent. 

would like to know if it is possible to do some preliminary work with an architect to understand the cost of my development for fund raising purposes.How accurate would such an approach be?

However, their realtor tells me that this will raise a red flag with the lender.

Who can negotiate with the bank for lower payments and possibly work a deal, on the 2nd mortgage, without raising a red flag with the bank?

Longer leases will not allow you to raise the rent when you want to, as you are locked in with your current rent for the duration of the lease.Month-to-Month is our preference.  

It is being foreclosed against an estate, and the amount to be raised/remaining on the mortgage is $30k.

I was born and raised in Louisville and know the area well.  

The demand has raised the price in the past 2-3 yrs.