Added bedrooms or square footage or decks, etc should be considered as not even there when evalutaing your comps.In addition, in the scenario you provided, you should also take into consideration the possibilty already mentioned in that the inspector may require you to remove some or all of the non-permitted additions costing you more than if you just built from scratch.Go back to the bank and show the comps for the 1 bedroom units only as that is ALL they have to sell at this point.

You need to communicate up front with your seller that you plan to put the property under contract in return for a non refundable option.

I do not have the experience to build houses or manage a project of that scope.I have the cash to buy some (or all) of these properties...

Again, I'm sure there were earlier communications about this, but I just wanted to show that I could prove Rush wrong in less than 10 seconds.

As long as you get title insurance it should make no diiference whether you purchase with financing or all cash, you do the same due diligence, the same decision making etc.

My tenants aren't really internet savvy so there is no reason to use social media to attract or communicate with them.

As a lender it's important that you can be contacted and have good communication with your borrower.

But the fact that Mexico has one language is because nobody communicate on a regular basis, in any other language but Spanish.

But saying they all are is like saying all attorneys are sharks, or all blondes are dumb, (although I've been guilty of telling attorney jokes and blonde jokes.)

If anyone asked me about your integrity I would have to communicate my lack of trust for you because of your default on those NON-RECOURSE loans.I don't know about the whole thing with Rich, but even with your position just on this post, I don't fully trust you and wouldn't feel comfortable loaning you money.