These questions and others have brought me to BP forums. 

@Sue Bishop   O/O = Owner occupied     non O/O  = Non owner occupied @Bill Gulley   you brought back some fond memories for me..

I know that the rules involving SEC compliance and FINRA audits can cause headaches along with the $1M 12 - month cap, but I see the new rules as a way of creating investment opportunities for an entirely new audience of investors.

@Brandon WhiteThe illegal rental unit situation Mike is referring to is typically brought about by a property not adhering to fire code, and/or rental licencing standards.In London you're required to have a fire safety inspection of the property before you're able to get a rental licence from the city.Example: You purchase a decent duplex, but when you go to get a rental licence for the property you fail the fire inspection.

Hello,I have traditionally done deals that I have found on the MLS or that have been brought to me.

Matthew 25:18 Context15And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey. 16Then he that had received the five talents went and traded with the same, and made themother five talents. 17And likewise he that had received two, he also gained other two. 18But he that had received one went and digged in the earth, and hid his lord's money. 19After a long time the lord of those servants cometh, and reckoneth with them.20And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.21His lord said unto him, Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord

In our case, we had the escalation clause that brought us to $213K from an asking price of $199K with 20% down.

The issue started when I asked for her to sign a lease before the end of May or move, all of a sudden she mentioned that we won't sign a lease until I fix the mold issue in the bathroom which she only brought up to me after I asked her to re-new the lease.  

LOL  I can laugh now.. it damn near killed me. and it brought me out of retirement to have to work until I die .. but I love work.. so not all that bad.

That budget did not include new windows, parking lot resurfacing, mailboxes, signage, demo on the 2 4-plex, and did not include new hvac on many units which would've brought it up to another $200k in deferred maintenance.