The blanket mortgages are typically taken out to cover the costs of purchasing and developing land that developers plan to subdivide into individual lots.

An example of hard money is typically an individual who you do not know, who has money to lend but who is not a bank.

If all of the individual LLC's that own the property are owned by the one holding LLC, once enough money if distributed to the Parent LLC, the Parent can then issue lines of credits to the operating LLC's which it will secure with a lien.

Friends also tell me that Auburn is starting to really clean up its act, after many years of poor neighborhoods and high crime.

The actual individual who makes the decision on what to invest in..Referrals are appreciated

Vacancies, inspections, pest control, repairs, maintenance, appliances, poor management, Section 8 abatements, and other things gobbled up my cash flow and caused me to have to empty my savings account just to keep up with things.

I've got some extra cash but I don't want to be cash poor with a new property with possible unforeseen issues.   

Often I find through 1031 buyers poor planning they are overly rigid when they have 45 days or more and property expectations and then as the days wind down they swing way over to the other side of what they will accept.

Lastly, having a larger monthly cash flow, especially on your first property, will make it easier to build up a cushion in your rental account for unforseen large repairs or vacancy.I'l quickly touch on an angle I've used while acquiring rental properties, especially those in poor condition or those where the price is already reasonable for what it is.

Individual investors?