If you borrow a lot of private money for several rentals, having them all be non recourse might benefit the lenders in the event that one of the deals goes south...if walking away from the bad one allows you to survive and continue servicing the remaining loans.

The remaining indians should be limited partners or members.Lots for you to study in this "art form": So much, that I teach a 3 day Private Lending & Syndication Summit once per year, and we still can't cover it all, but at least this forum is good for a few tips.Keep us posted.

Houma is a rapidly growing city, and is in Terrebonne/Lafourche Parish (county) which have remained some of the best economically stable parishes in Louisiana.

I would spend the money to have an engineer do a complete inspection and have them include the expected remaining life of all the major systems, roof, HVAC, etc. in their report.Another area to look closely at is the commercial leases.

I am following the formula below and am kind of stuck on #2.1.Find distressed properties2.Research and identify those with real potential vs no real potential at this time.3.Mail property owners with specific lettersEssentially, I am not exactly sure what I need to be researching in order to qualify these properties to remain on my Driving for Dollars mailing list and actually receive a letter.

The financing on a deal makes or breaks a return and that it tied to lease terms, quality of the tenants, location, and loan size being sought.

I have been out of the Real estate arena for about a year and looking to get back into the game.Through my business network, a seller emailed me asking if I know of someone who may be interested in buying 17 remaining lots he has in a subdivision.He provided the average selling price of the lots, location, name of the subdivision, etc.What would be the best approach to handle this?

I would second @Johnson H. and @Kevin Young 's advice about not skimping on the lawyer, if making sure that all these things are tied up properly is your ultimate goal.

If you repair the existing ones then they would still remain the landlord's property.

Higher LTV - Local banks will go as high as 80% LTVConstruction loans - Ability to have a construction loan tied in with the refinance or acquisition loan.