My new bank requires that requires that I have a positive balance of 2 months escrow payments in my account at all times, meaning my account is a few thousand dollars "behind" on this balance.

That's all a quit claim deed means.

If so, how did you mitigate all the potential issues that come with have so many different people under one roof?

All the best!

Hi all,My family has a commercial lot where a family business is located.

1) How to present to the city council. 2) Time required to get basic work done for rezoning and survey. 3) Doing it all with 2 small children and being the primary care taker in my family.

Hi All,Thanks in advance for your attention to this message!

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

Cash for the purchase, cash for the rehab, and cash for all incurred costs. 

Also when appraising a two bedroom will comp less than a 3 bedroom all things being equal.