2) States that the property comes with title insurance and I emailed town treasurer but publicly it looks like taxes were paid.

The property is located in NJ and the lease is 50% of market rate, zero security deposit with specific disclosures that property is subject to foreclosure (but does not explicitly say lease is automatically terminated at that point).

If however this is someone worth millions with a personal guarantee who just wants to limit cash down then their might be more security behind the second.Step 4 will the borrower cross collateralize the second note?

You'd be surprised how many people would happily put their money in a guaranteed 10% return as long as it is secure.

I'm looking at a property that has R2 zoning it is listed  as a single-family with an accessory unit in the public records.

How do you become, as a starting-out developer, a public sector housing developer?

@Ozzy Sirimsi  @Tim Youse @Joseph Abad Appreciate the tip about # of tenants in Towson, looking at the zoning laws : "After the effective date of Bill No. 124-93, a new boarding- or rooming house is not permitted next to an existing boarding- or rooming house unless permitted after a public hearing pursuant to Section 408.B."

Our plan is to take her security deposit to pay for the replacement of the carpeting and to write her an invoice for the remainder of the bill and take her to small claims court if she doesn’t pay the outstanding balance.

I'm close to securing a contract on 4 unit property in Middletown, OH.

I understand I’ll have to hire a property Manager, I just don’t understand how security funds are handled Incase of emergency and immediate attention in the scenario where I may or may not be able to reach right away .