The costs are heavily run up by the borrower’s ability to take advantage of (1) judicial states foreclosure laws (2) bankruptcy laws (3) we as lenders having to pay taxes/insurance during borrower’s default (4) legal fees we pay to contest BK filings or other delay tactics (5) deterioration in property since loan origination.  

Uncle can sell one as is, take the proceeds and fix the other one up, and take the $250k capital gains credit on top of the reduced long tern capital gains.He dies, kids get the stepped-up basis.He could also look into a 1031 exchange, but at his age, that's a lot of work.Your off the cuff remark raised a host of issues, and tells me that you're not giving us the full monty when it comes to relevant facts. 

The numerous pop-up windows load slowly, and ACH fees for outgoing payments are $1 each, which adds up quickly.It's particularly frustrating that I have to manually create and apply a bill for maintenance fees to each property every month.

-How did you assess execution ability vs. just talking a good game?

Partner Driven funded 100% of the $225,000 purchase, giving Rafael the ability to close quickly with no personal capital required.

Good Subject-To structure = keep control.Most investors protect themselves by:• Never transferring deed immediately• Using performance-based agreements• Keeping the ability to evict for non-payment• Using a land trust or contract that preserves your remediesBottom line:If structured correctly, yes you can remove them through eviction like a normal non-paying occupant.If structured incorrectly (deed transferred), you may be stuck doing a full foreclosure.Your Comment: "If they don’t have a recorded deed, they’re not the legal owner."

I have modeled this house hack scenario in an Excel spreadsheet to the best of my ability, simulating the cash flow from the year purchased to year sold, and the average returns look quite a bit higher than 15% which leaves me feeling optimistic but also like I have missed something.In any case, I hope that provides a picture of where I am coming from, and I would greatly appreciate any advice you have.Blessings to you. 

I’m especially interested in real estate syndications, but I don’t yet feel confident in my ability to properly vet deals or identify reputable sponsors.My wife and I are preparing to get started with small multifamily properties in the Midwest, although this strategy has risks and drawbacks as well. 

Quote from @Abel Curiel: Quote from @Melissa Wilson: Both buying and selling, I am baffled by the lack of basic communication skills and relationship management ability.

That’s how many investors start small and gradually scale into owning multiple properties, apartment buildings, or commercial spaces.Another key advantage is the ability to purchase through an LLC (Limited Liability Company).