Nice work if you can get it.4/5. yea some states require a registered agent and have a fee OKThe rest is crap.

If you do cash out refinance it would allow to only get to 75% LTV around the high 7s with some points, they would still require to be 1st position.

Thank you  @Jamal L. those are very normal terms and requests when negotiating commercial leases that require tenant improvements.

I’m looking at executing on a 15 unit deal and using third party PM.My question for those who have done the same, how does the third party execute the various requirements such as leasing & maintenance and how much do you pay for those services?

Please note that I will require you to refinance the property in your name - I will not be on the mortgage following the sale. 

Yes they are required to clean up immediately after use

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

@Alexandra BermanMost conventional financing requires the property to be insurable (livable).

@Ashish Acharya, @Basit Siddiqi, @Natalie KolodijThought that a single member LLC doesn't require a separate return and everything flows through to the 1040 Schedule E?