Just because they didn't bill your friend for utilities as the utility bills came in doesn't mean they aren't potentially owed.

Hey everyone,I'm looking for some insights from the community on a potential commercial property investment I found on LoopNet.

I would use a company versed in this process to manage the operations of the LLC and collect the rents/operating costs for the owners. 

The seller would have to carry a very large second mortgage and this point will stop many deals in its tracks... but it's not impossible and it would definitely work if you can get the seller to agree to carry a large second.The other high LTV scenario would also involve a hard money lender and instead of cash we can cross collateralize with other real estate you own assuming there is sufficient equity in said holdings.The challenge in this scenario would be the cost of the hard money... it may be workable on the 140 units, assuming you are getting a good enough deal on place.

I agree that it should be based on market value, not what potential revenue (or past revenue) would be. 

If renting RENTERS insurance for the amount you invested NOT replacement costs, it will be about 1k-1300 a year. 

The guest responded that because she was so busy during her week long stay she didn’t have time to report these and, “… would be greatly inconvenienced with potential solutions while we were there.”They then told us that they usually gives 5-stars on reviews (based on their 3 reviews) and that she would be giving us 1-star and requesting a refund of $1,000.My wife and I decided it was best to stick to our original response that we would have addressed their concerns during their stay.

The end product will be great, as others have mentioned perhaps in other threads, Delta has not increased any of the cost, so there is still a huge equity upside.

Never built one, if its straight driving range the cost is in the land as the only equipment is the machine to give the golf balls, the balls and the tractor to pick them all up. 

I mentioned before that these things cost money to coordinate and advertise.