Hi All,I have a weirdly specific legal question and I hope someone out there can help.I own a 2 story building in NYC.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

The borrower was 11 months behind on payments and between the payments and legal needed $18,560 to bring the loan current.  

There are definitely great opportunities for STR/MTR.

@Toben B. usually under Legal & other professional fees

Though I'm struggling with understanding the contract that I'll be signing that gives me legal ownership of the house.

In every case here in Colorado, where a city switched from allowing short-term rentals to not allowing them, they grandfathered in those were operating legally with a permit.Littleton, outside of Denver, is an example.

Hey @Dan Fendius, I think definitely talk with a lender to figure out your monthly, but honestly, do what is going to feel most comfortable and helps you take action quicker.

Definitely a scam.Quote from @Tyler Underdahl: Has anyone used MG Servicing Incorporated For lending?

Usually, it's just a matter of giving them the property address and legal description so they can look things up.Also, in many locales you can set an appointment with someone in the zoning office if you'd like to talk to them in more detail.