So paint, flooring, kitchen, bath, and maybe straight forward mechanical stuff like new furnace, new water tank, etc. 

I started out listening to nearly every podcast episode and was immediately hooked - not in a delusional, "make all the money tomorrow" way, but moreso by the possibility of carving my own path and working to build my own family's future, not simply someone else's.After a lot of personal research - scouring sites, boards, and way too many articles - I finally felt like I was prepared for the next giant leap small actionable step and created a BP account this weekend.

I feel that we are doing an injustice to the owners we manage for if we don't because the alternative is to continue the path we are on and no one is winning except the plumbing houses. 

I think the straightforward way to do this for performing notes is to report UPB as the FMV. 

Just like people on laundromatinvestingforum.com think that the laundry business is the way to riches.Anyone saying there is just a single path to wealth hasn't explored all the options.

My advice is to choose a more simple path that does not include a second capital raise. 

This led to a lot of additional questions from the title company (including confusion about how the funds would be distributed from me to the borrower) which created at least another 1 week delay.After we got those issues resolved, the borrower had to go through settlement again (and pay a bunch of title fees, including Title Insurance) for the second time.Within a few days after settlement, the mortgage was recorded, I received a check from the title company in the mail (for the points I charged), and I sent funding to the borrower.It took about 5 weeks from the day the borrower contacted the real estate attorney to the day I sent funds to the borrower.For those who have done this kind of transaction in the past, what does the "happy path" look like?

If you do an awesome job I think the world will beat a path to your door...

If the property is in the path of progress, it probably makes more sense to do a full replacement at this point unless you think the condition of the cabinets is ok for now.

Get a Better ManagerImproving the management and marketing of commercial real estate offers another path to value and performance enhancement.