I still play certain games (at age 43), occasionally to excess.  

Also, people with sufficient funds will leave these areas and the area will go into further decline.Climate - Properties in areas with hard freezes and excessive moisture will tend to require more maintenance than in milder and dryer climates.

In addition, each individual investor had a choice over both risk appetite as well as each individual investment they elected to invest. 

However, you can do a lot with 100k + a hard money loan if you have the appetite for more risk.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Mix in some other items like the resulting price per door relative to comps, if there is excessive land that might allow you to pay more per unit of rent, etc and you can make a decision pretty quickly and easily without even seeing an owner provided P/L 

If so, typically the current lender will provide a payoff letter stating the amount owed to them.The closing/title company (or in some states an attorney) will escrow the funds from the new lender or sale, pay off the old lender and any other closing costs and then return excess funds.

- A couple of options would beGet a Home Depot credit card and use a zero-interest deal to get the remaining materials and use excess cash flow to pay it off.Get a construction loan to finish the work, but this is extremely difficult to get once the project is underway.  

If your local police are reasonably reactive, it could probably save you some potential excess damage/theft.

Moreover, a mortgage uses amortized interest, and even 1% amortized over 30 years means we're paying the bank in excess of 50% interest on the first five years of a loan.