I'm sure it was highway robbery - it certainly was based on the man-hours it took - but when you are in a desperate situation, you do what you have to do to get yourself out of it.  

The cash flow that you need to achieve should be based off the rest of your portfolio and your financial situation as a whole.

👋My name is Anthony, and I’m an investor based in East Hartford, Connecticut.

I would recommend you begin researching Chicago based meetups as there are a bunch of really good ones.

My name is Sonya Waites and if you have questions, I don’t mind answering them based on my own personal experience.

There are way better people to talk to that are based out of here and know the market like the back of their hand. 

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

If they try to pay their labor as 1099 they run at great risk of violating a host of draconian labor laws such as AB5, the borello law and a litany of "misclassification" laws.There are substantial differences in how "right to work" statstate as operate as opposed to "non right to work" states.SBA defines a small business based on employees and revenue size.

I actually keep a list our bookkeeping firm recommends based on firms/individuals we and our Clients have had good experiences with as well as I've personally had good experiences with.

By reducing the principal balance, your lender recalculates your monthly payment based on the new, lower balance.How Does Mortgage Recasting Work?