So what i have in exchange money could become quite a number of units, depending on how much leverage I would want, and dependent on securing such a loan.The issues i am having, are this:1.)

She still needs to finish school 11 semester left and i need to finish my academy before we will be able to officially do more than plan for this.

Hey @Michael Bayrakeri do you already have the lot secured?

Then detail charges on the security deposit reconciliation for rekeying the unit and for the cost of the cleanout.CRLTO 5-12-130 Landlord Remedies:(e)Abandonment.

What generally happens to the property securing the loan?

Provide the tenant with an official pamphlet that educates about lead. 3.

The property is located in NJ and the lease is 50% of market rate, zero security deposit with specific disclosures that property is subject to foreclosure (but does not explicitly say lease is automatically terminated at that point).

I have two banks that I can get a good conventional loan through although I have not gotten an official quote yet.

If however this is someone worth millions with a personal guarantee who just wants to limit cash down then their might be more security behind the second.Step 4 will the borrower cross collateralize the second note?

You'd be surprised how many people would happily put their money in a guaranteed 10% return as long as it is secure.