Note that once you "stabilize" a property... replace the older stuff in the first couple of years... then your average operating costs are going to go down significantly.

It's not an original note state.Or...you could just entrust all of your life's savings to someone that will do all that for you and take a piece of it in exchange.When you've done all that, jump in the water.

@Ilidio Cardoso - I think you missed the point here in my question.There is no bank involved here...We are the bank as we own the note.

Side note, I posted this in a few other places on the app too.

I'm mostly focused in Palm Beach County multifamily 2-4 units but also sometimes expand my search into Broward but would be super interested to hear some thoughts from you any of you guys in the community here.Side note: This might sound silly but I don't know if I have been scared off a bit because past 3-4 months I have been I following this alliedrealtygroup blog and while it does seem to be a bit on the doom and gloom side of things, the numbers presented in some of the recent posts are hard for me to dispute sometimes and I'm sure my perspective has been somewhat skewed since I started following and reading their posts. http://www.alliedrealtygroup.com/market-outlook ...Anyways though guys, would love to share and see what's on your minds..Thanks,Michael RandellTags: Palm Beach, West Palm Beach, Boynton Beach, Lake Worth, Jupiter, Palm Beach Gardens, Juno Beach, Tequesta, Riviera Beach, Royal Palm Beach, Wellington, Loxahatchee, Fort Lauderdale, Delray Beach, Boynton Beach

@Shawn William seller have a note on it already?  

I’ll note too that, “a developer who needs extra capital for some unforeseen problems ,” is code for a someone who needs a rescue loan.

(NOTE - A SEC 8 tenant would have notified us at first sighting.  

The lender will do a self-sustainability test to see if the rents from the other units would cover the note.

I made 110k in 90 days on a 20k investment.. but I had to pay my wife a full commish of course.So that led to thinking  U could have resellers of notes  to those with little knowledge of the note business and they buy a note that CANT be foreclosed on.. ???