Turns out there's NOTHING that they can't avoid having you get.I could walk through my house right now and EVERYTHING that's in here I could refer to as (1) a family heirloom, (2) used in the preparation of meals, (3) used in the normal course of my business or occupation, (4) covering the lein of a third party!

If you need more details let me know.

Nick,:welcome: to BP.Thanks for sharing all the detail.

Thanks you, John Can you give us the details as where you stand with the loan?

To really contribute here, I think my best bet is to try to remember:a) Not everyone knows what I know-- no matter how basic-- and to try to share detailed information on what I've done as time permits and,b) Remember that it's not just about the nuts and bolts and the how-to, but about keeping the right attitude, and bearing in mind that my own unique way of looking at something and my own attitude and approach to life may be as big an eye-opener to another person as all the specific techniques, and strategies I use.Thanks for your time and have a wonderful biggerpockets dayDitto :beer:

Though i expect to contract for $255,000 Details follow. 8 plex renovated in 2006 and 2007: new roof, all apartments new carpet, painted, new windows, new lighting fixtures, new kitchen cabinets and appliances.4 two bedroom and 4 one bedroom all with w/d hookupsCurrently 100% occupancy with 1 year leases.Sheduled gross income $3300/monthtaxes and insurance $2500estimated maintenance $1800all apartments on separate water and electriclong time handyman on premises gets rent reduction for service.

Don,Thanks for posting the details.

I've tried in the past, and found that I'm generally too soft on tennants to be a good landlord, but I'd like to re-evaluate that situation and build a book of income property, so I'm hoping to glean some advice and possibly some practical solutions to address my landlord shortcommings before I jump back in to that segment of REI.I hope that gives a little more detail on me, and again I appreciate the warm welcome thus far.

Not sure that will work if they're borrowing the money, though.Be sure you have detailed, written agreements as to how things split up if anything goes wrong.

Email me for details at [REMOVED].