Gross $6300 a month, net $3,200 a month after all expenses.2 Flat has leases in place and will gross $3,000k a month and net $1,300.We will have the rehab paid off in 2 months with our only remaining debt being student loans & 3 mortgages.

@Keith A.6 weeks ago, 18 DEA and FBI agents raided one of my single family homes here in Jacksonville Florida.

Until we (as a society) have effective vaccines, treatments, and some kind of immunity/immunization, those people in high risk groups will remain mostly isolated.

Now with regards to him not finishing the job and/or correction of unfinished work, get someone to give you a price to finish/correct the remaining work, and deduct it to his contract.

While the loans may not technically show on personal credit anymore, if in the process of going through underwriting for a new conventional loan in the future for a new purchase the properties are found on tax returns, then the DSCR loan effectively really didn’t improve the remaining loan slot situation.  

The intention was to give them notice now, that effective Oct 1, rents will be increasing to $$ and have them state their intention to remain or leave within 7 days of the notice.

The building has a first mortgage of about $615kIt should now appraise at about $1.2m So does that mean something like the lender will borrow me say 75% on that new appraised value of $1.2m, say giving me 900k in which I'd payout the first mortgage, leaving me with the remaining balance of $285k which I'd be able to pocket?

The remaining 50% would be used to cover your mortgage (principal and interest) and anything left after that is your cash flow.

All such alterations, improvements, and additions made by Tenant shall remain upon the Premises at the expiration or earlier termination of this Lease and shall become the property of Landlord, unless Landlord shall, prior to or simultaneously with such expiration or termination, have given written notice to Tenant to remove same, in which event Tenant shall remove such alterations, improvements, and additions and restore the Premises to the same good order and condition as at the Commencement Date, reasonable wear and tear, subject to Tenant’s obligations under this Lease, casualty or condemnation excepted.

We are using equity from one of our rental to pay it off at the end of the term.We are only going to use 3 acres of the 12 acres, to use for the storage project, and for the RV Resort the remaining usable space.