Like is used to clean the driveway with when there's an oil spill. 

My insurance costs went up dramatically after year 1 in one of my properties so I asked around to other local RE investors and found this contact. - Chris Kersey 

If I buy a small business that includes real estate, it is possible to assume the existing loan (at a lower rate), and finance the additional amount up to asking on a second position mortgage?

Hey Erik,They ended up being a scam and I learned the hard way.

Feel free to:- Vote up to help others find this post.- Tag a friend who would/could benefit from this discussion.

I was looking at going the self-managing route due to me having a little more experience and mainly finding a great handy-man and GC in the area to help me if repairs were to come up from the tenant.

When purchasing your mother-in-law's house through seller financing, since the property qualifies as her primary residence, she should be able to exclude up to $250,000 of gains ($500,000 if married) from taxable income, so capital gains taxes are unlikely to be an issue given the sale price is below the tax basis.2.

Then financing for the horizontal ( toughest in my mind to get)Lastly vertical construction funding.and if this all lines up TIME  most places its 1 year to 5 years to get a project approved and ready for vertical.

If so, did you use an attorney to do it or were you able to draw up the documents yourself and have them recorded?

I think you can lever up to even $750k or $800k building, but who is going to do the renovation oversight?