IL annual tax sale bidding starts at 18% penalty rate per 6 months and can go as low as 0%.

Hi guys, Assuming most points and highest rates: (Hard money lender offers 2-4 origination and 11-14% interest annualized.

It is a 6 month policy that I can cancel any time after 3 months if we’re finished and replace with a regular policy but it cost $1400 instead of my regular $8-900 for an annual policy.

You do not want one tenant taking up 50% of your center unless it's a very long primary term lease and a national tenant that has strong books and a solid financial rating.Asking if the leases require disclosure of annual sales for each tenant is good to have as well.

If you know how many bedrooms and the general area within Gatlinburg I can do some quick research and plug everything into my VR performa for you and send a screen shot of the estimated weeks needed to break even, annual ROI and cash flow but here is what I would need to know: Are you self managing or hiring a manager? 

The rents on the homes bring in an additional 17x370 each month, bringing annual income to about 220k which make the NOI pretty good.  

At a minimum, they should tell you their annual collections and physical vacancy.

    I was looking for 20%+ of purchase price + rehab/furnishing, in annual gross rents, as a benchmark when I was poking around the Big Bear area (SFRs with no HOA).  

Got tired of the annual reporting requirements and adjustable & callable terms.

Are your contracts month to month or annual or every six months?