I would be firm and tell them that they will not continue to live in this property and that you are prepared to evict them if necessary.

I let him have mine, assuming that my attorney would still be able to prepare my assignment agreement to my buyer, and not realizing that (according to him) it's now a conflict of interest, necessitating the need for my own attorney.

However as we prepare to grow and begin syndicating larger complexes I feel we can do a better job tracking more useful data.I would love to get my creative thinking going by hearing from others.

For showings they don't all show so be prepared for that.

Prepare a loan package that you can deliver to multiple lenders - it should include the financials and a one page summary of the asset, its performance history and what you are requesting.

This due diligence process can also be used if your loan purpose is for new construction or development.If your investment loan purpose is to cash out residential or commercial, be prepared to compile all the supporting documents to verify the current value of the property.

@Linda Govan - go to local reia meetings and try and find a partner -be prepared to talk about what you bring to the deal.

late to the convo...I currently rent in San Pedro and am kicking and screaming to prepare my financial situation to be able to buy here.

Take a class or independently learn how to read a financial statement and how to prepare a tax return (and Schedule E in particular).Good luck.

I like that the roadmap for preparing for the future is clearer than through other avenues.