. , Steve IS right (as you've agreed), borrowing money from a private lender on a non-recourse basis is a benefit to the borrower not to the lender.

I go to this site everyday and I learn new things every single day.

It's gone really well over the last several years, and I'm looking to pick up another.My wife and I are trying to use our summer free time to pick up another rental property, or flip one in order to fund an additional rental property.I've got a couple of wholesalers sending me deals on a regular basis, and I've got the contractor needed to do some renovations on an ugly property.

I have thick skin my life gets threatened every day and I get into fights with people that want blood, I was merely pointing out that calling somebody a loser for putting out bandit signs is pretty ridiculous when the whole point of bigger pockets is to help out each other and not tear people down.

Every day you should answer a few questions and write down several new ones.

Instead, the cost of the work is added to the basis.

Leases often will be renewable at some set basis so the option of staying may be there.

Cash basis for me.

Small Balance CMBS under 2MMTypically fixed for 10 years (sometimes 7 years)Rates are generally priced around 5.5% (right now) and are based on the swap rate + so many basis points.

I have been working with an accountant that is some what familiar, but I am looking for someone who deals with these types of things on a regular basis.