For example, the LLC cannot be used for commercial rentals.”Requirement #3: "The LLC must not expire prior to the maturity date of the Deed of Trust.”Step 5: Submitted our documentation the same day - We provided the lender with (what we thought were) LLC documentation, including Articles of Incorporation, Operating Agreement, Statement of InformationWeek of 10/30/17Step 6: Crickets - A week passed by, and no response came in, so I called them.

So if you rent out both units, it would be about 5.2k or are the units not identical?  

I've found it useful but I've found it sort of limited because two jobs are rarely identical. 

Since the lien is from 1993 the first thing I would check is to see if the original note has a final maturity date if that date has passed and there have been no extensions or modifications then most likely the note has been paid off.

Some of the questions on the exam were nearly identical to practice questions I had seen.

Since the formula of cap rate is NOI / Purchase Price which is identical to a real performance metric called "Operating Yield", many investors use "cap rate" when they really mean "Yield".

The transaction process is almost identical, just no Agents involved to negotiate or mitigate, you and the seller wear all the hats, so to speak.Call me anytime to discuss further. :)

., 1 less bath for plumbing issues..My 2/1 is near University Campus so it attracts the mature not yet married college couple type...

Mindi Jensen, I am in the Boston, MA and the situation is identical

So, you need to think on how you will make payments to the debt guy if he wants them opposed to a deferred interest type of loan with everything due at maturity or final disposition.The next issue you will have, depending on these two investors is, the equity guy now becomes first loss.