I’m pretty sure 90% of the prop taxes have become “Uncontestable” (if that’s a word.).

These scams are getting more and more sophisticated, many are actually getting by title companies, so they need to up their game IMO. 

I think bringing a design expert to run through these properties with the contractors and put together the design based on a specific budget would be a good idea.  

The tenant is telling the PM that HUD was approving based on old income and they are going to have it readjusted.

Long term rates already have a .75 BPS to 100 BPS increase in margin spread do to risk, that will come off the table soon and lower rates just based off that and that would put my 30 year fixed rate in the 5.25% to 5.5% ish range. 

Hi @Nick Lucas, glad you're getting into the game!

For example, a 5 million dollar investment into an MTN "pool" (for lack of a better descriptive word) will yield a return of 15 million in under 30 days?

Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit). 

I’m based outside Houston, I bring over 14 years of managerial experience in chemical manufacturing to the table.

-Purchase price = 88,500-Amount currently owed = 70,340-ARV =$145,000 (NOTE - we have not gotten a formal appraisal, basing this off comps in the area)-Lease= Signed 12m lease at $1125-Current Monthly Mortgage = $617-Credit score = 792-City = Greer SC