@Noel Dixon The most overlooked thing I see when people talk about assumable mortgages is that, if you can get approved by the lender holding the mortgage, you will need to bring the difference between the loan and purchase price in cash.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Ryan RuncheyThe bookkeeping for this specific property will likely be difficult.This appears to be a househack as you purchased a personal residence but also have roommates to help with the rent.As a result, a portion of the expenses as they relate to the house are personal in nature and non-deductible.Items such as real estate taxes, mortgage interest, etc are all pro-rated.On-top of that you are doing the BRRRR which indicates that there is rehab involved.Portions of a rehab are currently deductible, capitalized or non-deductibleCurrently deductible - payment for an area of the home that is a tenant area.

Tenants will check public records and see the mailing address of the LLC and who owns that property and make the connection in many cases. 3.

Contact the town council and the town’s attorney about bringing charges against the owner for creating and maintaining a public nuisance.

The lien is tied to the loan and will be removed with a refinance WITHOUT the balance of it being applied to the new non-NACA loan. 

Developers are eyeing dormant projects, while banks and other lenders are preparing to replenish their loan portfolios.

The electric company installed the new meter for free after giving me a credit for adding laying the conduit required for the 200amp to 400amp upgrade.As for the 1/2" (non fire code) gyp, my understanding of the code is that a 1 hour rated assembly is required between "dwelling units."

The New Orleans agent was able to connect us with a local lender.

@Quiche LynnIf a home is in foreclosure the options are to work something out with the lender, pay them the amount that is past due or file bankruptcyHow they get the money to pay the lender what is owed can be from any source, but unless that lender is brought current or has some type of arrangement they typically do not stop foreclosure