Personally I'm not a fan of getting pressured into a deal - if you don't feel good about rushing into the deal, it's better to back out.

When I used to self manage my properties I used MySmartMove and felt it was a very good screening process - it checks all the main things you need to check (criminal history, bankruptcy/foreclosure history, credit, etc).

Working privately is more personal thanusing hard money or banks.

Can the account be a personal checking account instead of business because we have the property in our own names? 

Everyone involved personally guarantees the commercial loan.

Hi All,any advise from your experience on individuals breaking into an investment property? i recently closed into a property which I bought from another investor who got it through a tax deed sale. The original owner...

Charles,I was researching a property today and found that another property owned by the same person that owns the house I'm trying to buy is being pursued by the county tax office, while the cheaper house (mine :lol: , I hope) is not.

I read over a sample personal umbrella insurance policy and it says that they dont cover injury due to business property, and that business property is defined as residential property rented, or held for rental, to others.

And now I'm concerned that this tenant is going to file for bankruptcy. 

If you're interested in exploring how to best leverage your savings in both real estate and the stock market, feel free to reach out for a more personalized discussion.Best of luck on your investment journey!