In the end, there wasn't enough parking, so I didn't buy that property.I've also seen it happen with a local business that wanted to expand.

If that is the case you might also have trouble when selling if he doesn't get the proper permits you won't be able to full capitalize on the improvements you make.A HML would work in this case if the ARV really is 220k...but you don't want to have to pay the high points and rate they would charge on that.

When any bill shows up, just put it in right away with the proper due date.

You must have the proper document and procedure to avoid title seasoning.

It seems that, in some instances, posts are not in the proper section/posts are not applicable to the section they are in.

Properly aligning your business is far easier to do BEFORE you actually go into business.Some of the questions that you need to ask are 1, What is my primary goal as an investor?

Okay maybe I didn't frame the question properly.

Where would I go to research the original plans on the property, or check to see if whatever work or additions were done with the proper permits so I don't purchase a potential legal disaster?

That is absolutely correct, which is why it is imperative to not only have proper contracts and disclosures, but to make proper financial choices to use this strategy only when the numbers work.

The property management left it to the tenant to handle everything, and refused to notify the property owner.Unless handled properly, water can continue to cause damage for weeks that can lead to very costly remodeling and remediation repairs.