Its like 45 mins from downtown columbus, and the rents up there are damn near the same as in columbus but the houses cost way less.  

First off, sorry for taking 2 damn months off BP..

Thanks guys, the words of motivation are outstanding!

Would be a damn shame if you found an opportunity like this one and didn’t look twice at it because you had a closed mind and couldn’t see the upside.

It means that you would personally guarantee the paying back of the loan in the case that you default and the lender forecloses on the property and receives less value in the property than the outstanding balance of the loan, you would be liable to pay back the difference.Example:You have a $500,000 loan and default (stop paying), if the lender forecloses and the property is only worth $400,000, you would be liable under your personal funds for the remaining $100,000

I have searched in every way I can (names, even all releases filed by the lender from xx date to xx date) and also confirmed the mortgage is outstanding via O&E report.No question it is out there (in my mind).

If you default on the loan, have a $4M outstanding principal balance, and the property sells afters foreclosure for $2M, then the partnership is liable for the remaining $2M (plus accrued interest, legal costs, and any other fees tacked on).

@Shemroy Mccarthy As noted above, buy and hold in Nassau County is damn near impossible. 

I always tell the investor that the deed we receive is the deed that they will receive- and that it is essential that they perform their own due diligence on the property before purchasing because the buyer will assume any outstanding liens and encumbrances.

Details all vendors, bills, banking setup, tenant details, current outstanding projects and objectives, and how to handle the common tenant issues.