It is advisable to do your due diligence and ask about such things as how long have they been in business, are alternative assets their sole focus, are they BBB accredited and rated, are they a regulated financial institution, have they ever been sanctioned by any regulatory bodies, how many accounts and how much in assets do they administer?

In the event the original loan application is denied, Buyer, if requested by Seller, will reapply within ______ days of such request at an alternate institution.B. [ ] Seller: The balance due to Seller will be evidenced by a negotiable promissory note of Borrower, secured by a valid purchase money _______ mortgage or Trust Deed on the Property and delivered by Buyer to Seller dated the date of closing bearing annual interest rate of_______ % and payable$_________ per__________ for [ ] ________ years [ ] _________ months.

As an alternative approach to letting the properties cash-flow once paid off, someone recently shared their approach - they have essentially 10 properties, every year they re-fi one and live on that amount, the property still cash flows with the rent covering payments and all expenses, and he then doesn't have to pay tax on almost any of it because most of the income from the property is converted to tax-deductible interest.

Alternative stratagies?

His will likely be 20k or more.This is going to be a buy and hold rental, and I'm comfortable with the cashflow potential, however just looking at techniques on how to help him understand that a) his unit repairs will cost significantly more than mine which is why I was able to pay 89k for mine and cannot do the same for his and b) the alternative option for him to fix and sell will not be worthwhile.

An alternative way to solve at least the first problem might be a bridge lender, and I'm open to consider this but so far have hesitated as I've believed that the terms would not be attractive- With my Roth IRA LLC, I originally thought about doing more buy-and-holds (with non-recourse leverage) or continuing to flip, but neither of those seems so attractive given UBTI / UDFI implications.

I suggest that you decide if you want to keep your IRA in the stock market or obtain full control over it and have the ability to invest in alternative assets.

.- Post several times a day, with alternating headlines.- Add phone number to post.- Include more information on Utilities and attractions nearby.- Perhaps lower price even further (Currently 1700/mo.)- Maybe better pictures ?

That may be a better solution than taking it to foreclosure, in this case I don't see GMAC eating 45K exceeding such alternatives and perhaps having some things done, protecting the collateral, and holding it for sale.The other factor is the borrower information, likelihood of obtaining a deficiency judgment or will they be headed to bankruptcy?

Thank you @Justin Case @David Sugg @Val CsontosI appreciate your comments.David, to answer your question (I realize you weren't necessarily looking for answers but more for me to ask myself those questions, but incase others want the answers for their feedback).The current tenant will be moving out this fall (building their own home) so the improvements are for the next tenant, the idea was to complete the work while the current tenant is in place and completed before marketing for next tenant.Yes the addition (finishing lower level - 1 bed, 1 bath, living room) would add value if I were to sell, and more important to me increase rental income.No super sexy deal as an alternative to this optionIt would take me 6mo to replenish my war chest to the same levelWife doesn't have an opinion either way, she trust my decisionsThanks again.