You don't want to be involved in the insanity of 2020-early 2022.

Additionally, we use a Security Agreement, which further ties the collateral to the loan, especially if there is personal property involved, and defines many other loan requirements.

I like being involved in ground-up development because there are so many things that need to be built.

Many of the properties require significant repairs, have clouds on title, will involve contested and difficult evictions even after the auction, etc. 

Edit:  In regards to seeing 'the math mathing' -- that's not something I get involved with.  

But when it involves a 1031, it’s those extra layers (5-year hold + depreciation recapture) that complicate things.If it were me:On the “forever home” plan: hold it at least 2 years as a rental, then live in it 2+ years, and don’t plan on selling until at least the 5-year mark.On the older 1031: check your acquisition date.

My question involved modifications to the base lease agreement.If I want to require all children who turn 18 to be subject to background checks to be continued to be allowed to stay in the property, where do I add this and how do I word it?

I am really enjoying finding so many people that are involved with investing in the local area. 

"Avoiding new-loan points when you're not originating fresh debt"   Acquiring the LLC alone does not allow you to assume the loan when there is a guarantor involved.

Do these estimates about the time and cost involved reflect what you have experienced?