Your ability to to pay for loan deposits and costs however is probably not unlimited You will need to find the ability to pay the deposit of whatever % of purchase we do not cover.

I'd put his stuff in the trash this afternoon and be done with it.Provided he is the sole owner and owned fee simple, verified with a thorough O &E title search.

The additional benefit of the DST is that it can scale with your investments, so once your form it you can actually split the liability of different properties without having to form new entities each time.The ideal for asset protection to to separate liability between each investment by placing them in their own LLC or liability limiting entity.

IN and KY is where we will head back to.  To

They are not renting it out to strangers, and are not collecting rent (as far as I know and no way to verify). 

Second what level of losses are you willing and able to to accept.Best of luck,John

Where did the 82k rent number come from-is it verifiable?

I’ve bought about a down at foreclosure auctions and just did my own (on one for over $100k I did pay for a title search to verify since it was a common name and had almost 200 entries to look at).Otherwise, you can pay $50-$100 to one of the online title search companies for recorded lien searches. 

I explained to the tenant that it was for their protection, to verify their rent amount and the amount of their security deposit, that would be turned over to me if I closed on the property. 

Can anyone share what they have done to oversee a renovation or verify what their contractor has done?