I invested in this deal for value appreciation as the investment was a distressed property.

I gave them a lease in person to review and sign (I gave them the lease first as they mostly speak Spanish and the lease is in English, so I wanted to give them the time to read it).

Additionally, with access to cheap financing and the potential for a favorable appraisal after the upgrades, investing in these major expenses upfront could enhance the property's value and your overall return on investment.

Columbus specifically has a growing population, strong job market, and steadily rising home values (as opposed to other areas like Cleveland which has a slightly declining population).

First, to say that the PM is against the owner's interest means that either you do not understand the value of the PM OR the PM is not adding value.

The sellers interest is the interest and transactional convenience, when a lender is involved there are costs associated that can often be rolled back into the loan provided the loan to value (LTV) based off the appraisal is sufficient. - Higher rates.

Generally a normal VA loan transactions is 30-45 days when writing a new loan, but when assuming I would plan on at least 60-90 days from contract to closing.Seller equity is the remaining value of the home that is left after paying all closing costs and loans. 

He can't simply quitclaim the property to you for no value. 

This is because the transfer to the LLC is considered a change in ownership, which prompts a reassessment based on the fair market value at the time of the transfer.Admittedly, property tax implications are not my area of expertise, so I strongly recommend consulting with a local real estate attorney or tax advisor for precise guidance tailored to your situation.Additionally, if you need property management services for multifamily properties in Miami, Curbelo Capital Management specializes in this area and would be happy to assist you.Best regards,Diego Curbelo

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