The upside of our renovations is that they usually help our houses to receive very favorable appraisals (usually 15 - 25% of our all-in costs.

They appreciate us looking out for them and always return the favor -- if they have a scheduling conflict, they'll let us know instead of just not showing up.- We know how our contractors like to work.

I left retail shortly after I bought that first investment property in favor of a job in law enforcement.

First, if you take Rob's suggestion, you could probably cash advance some credit cards to cover the down payment and rehab, then find a different source of private money at a lower LTV (likely 70% of cost) at much more favorable terms from a hard money broker.

I'm happy to hear that the judge ruled in your favor.

Say in 7 or 8 years the buyer defaults, a judge will likely look at this as the seller financing the deal, perhaps circumventing the SAFE Act, this would not be seen in a favorable light and depending on the judge allowing it to go forward from an eviction, may require it to go through foreclosure.

The TIC is an option; however, Based upon what you have said so far that doesn't seem like a favorable set up.What type of Entity is this LLC set up as?

To my surprise, the judge was in favor of the tenant requesting the cable and ordered everyone in the building to pay $400 to run the lines.

Do yourself a favor and do not list with a non-CDPE.

Now, with MERS and regulatory constraints, such an approach may be limited, the art of underwriting being lost in favor of a mechanical approach meeting certain requirements.Lastly, and I am not including Ann in this at all, but if you look around as I did in my area, you'll find that many of the older, less regulated mortgage brokers began by an investor, an ex-bank employee (loan officer or processor) and someone who had a real estate background, like a Realtor.