Joe GoreThat is why people promote the multi level entity stuff.Much harder to track down the "people" involved if title is held in a Trust where the beneficiary is an LP that has an LLC as the GP.Not impossible by any stretch but it is more than checking title at the registry and then going to the Sec of State to see the names on the corporate docs.

It sounds like you are on the right track Anthony.

We need more detailed drawings for which we have a guy who has worked with the city before ready to go.Project ManagementRight now we are using a share reminders list for iPhone, Dropbox to share all files, and Excel to track expenses and action items.

Lastly, having a group of like-mind people around me has helped me stay on track and accountable.I read this quote and it kind of hit home.

My team thus far consists of the following:-HML (Secured for purchase, rehab, and holding costs)-General Contractor (Is capable of handling almost all work on his own, with an extensive list of contacts for subs if needed)-Real Estate Agent (Only to assist with paperwork.

She offered.So financially, I'm back on track.

The more proven track record you have, the easier it gets to borrow money.

Do they have other resources to cover this lag period of lesser qualifying income.Has the borrower been properly informed of any stress period, do they have any history of managing such circumstances and are they capable of taking on any additional financial stress issues?

I actively research real estate across the country, tracking market trends and building myself a sort of roadmap to the future.

In this conversation, even very intelligent and capable owners argue themselves away from the concept of risk.