I attempted to engage in a creative financing deal with a gentleman that owned a very nice property that was in a pre-foreclosure state.

@Jackie Hung I suppose it depends on your area. $60/month is high even for cable internet.

@Branden Jordan there are a number of ways to get this done in a weeks' time depending on your situation.1.

Guess probably 550,000 for a tear down and new build depending on what's required and maybe a year of down time.  

Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.

I have also sent personal hand written letters to people who are listed on the tax records of properties that are vacant.

Let's talk about leveraging tax strategies to optimize your real estate investments.

So it all depends on your goals with how much cashflow you want.

Just looking to see if this is the expectation nowadays or am I way off on having RentRedi handle this for me. 37$ + tax ( approx 42$) and ask Tenant to  fill the application and pay directly instead of me being middle man.

Any insight into Tax liens and deed sales in Louisiana is appriciated.Thanks!