I often see this made clear in the short sale package, and if you submit multiple offers to the bank, it will cause confusion and delay...

Unfortunately, what Bill said is not true in California.According to multiple attorneys I asked, a lease cannot be bk-proof, even prior to the lease being signed.A signed statement from a prospect also does not stop the landlord from being named as a future creditor.Basically, the old rules still apply- screen well to minimize risk.I met the prospect today, and she told me her husband and son just went to an MLB baseball game.Yeah, now I know why she's planning to file for BK.

A lot will have to do with the area it is in and tenant base type and how heavy collections will be getting the total rent every month.A full time maintenance person can turn the units much faster knowing all the nooks and crannies as well as all of the mechanical systems etc.If you go smaller say 20 or 30 units you run into having to call someone every time there is an issue with the property which can get expensive and you also delay repairs that turn into high dollar repairs instead of small things fixed right away.

But I would be peeved that they don't have their own inspector; the fee should be minimal in that case because you're just paying for a clerk to file papers, and not for somebody who has some training and thus gets paid a bit more.

Within the loan guidelines the criteria will specifically call for a minimal contribution from the borrower.

Then when I decided that I didn't want to delay my retirement until 55, I switched to 15 year notes.

The property is close to train tracks, so some higher quality, sound minimizing windows will really help the rentablity of the property. 3.

Capital with that pricing is likely to stay active continuously due to the demand, and the investors net interest would actually increase because the consistent deal flow will minimize downtime.Not to mention that at those rates they can be selective and only loan to the best borrowers.

But when we get to 3 delays, or non performance, we cut the line.

There were minimal fees involved.While I know you said you were not successful with an earlier attempt, I would think it should be relatively easy for you to get a HELOC for your property.