Hi @Thomas Brady - definitely looks interesting.20 year amortization is a nice period of time for cashflow.What are your thoughts on how you would pay for the balloon payment at 10 years? 

I know i could have it rented in time but that wouldnt create enough funding for full payback, as far as i know most hard money lenders like very short term loans.

Give them notice of your intent to foreclose as well within a specific time period, then get your attorney to start the process (it could take some time) if they don't pay the account up.

I have the opportunity to help finance a short term funding need for an investment I am an equity owner in.

I'm sold, just sent my first tenant through and plan to transition the rest shortly. 

There's nothing wrong with having the tenants sign your own lease IF they agree to do so, but just know that there's nothing that says they have to sign a new lease during the existing lease period. 

Hi folks, I need referrals for a serious roofer and A/C guy in Kissimmee, FL.I'm in the inspection period for a property I'm buying and need estimates for some repairs as soon as possible. 

Hi folks,I need referrals for a serious roofer and A/C guy in Kissimmee, FL.I'm in the inspection period for a property I'm buying and need estimates for some repairs as soon as possible.

Long story short, Hurricane Katrina caused materials to skyrocket, we ran out of construction money and used our own, the project ran long and pre-sale buyers bailed.  

I have/do rent to two tenants who have had criminal backgrounds.First tenant was in a transition program for an extensive period of time (years); had a job working in maintenance at a local hotel which he faithfully rode his bike to (a distance of a good number of miles) because, of course, he was not allowed a car.