They only allow basically 1 business day for payment at the PBC foreclosure auctions.

Basically formal letter so they know you mean business, text to be empathetic.  

My current plan is to pay off mortgage + interest as soon as possible by adding extra principle. 

My understand basically is that you network/market to the folks that are selling senior care living facility beds with the idea that most seniors need to sell their house that they have owned for decades and is probably full of junk in order to afford the living facility.

Basically the current LLC will first deed 50% of the property to you and the other 50% to your partner as tenants in common.

I’ve got a buddy who owns a condo in Wynwood — a developer is buying the entire building for a conversion, and he’s basically doubling his money in just a few years.

But it figured it out as:-What would be my total NOI if I paid off the $1.2m balance (and now that I'm thinking about it, I maybe should have did what the extra NOI would be since there would be no mort payment anymore)-For the total property, I basically took what the price of the building is today and assumed it increased by 1% per year.  

The reason we still feel bullish (not reckless) is that there are several obvious levers the prior operation didn’t really pull: delivery/pickup was not executed well; we’re partnering with owner.com to rebuild the website/app funnel and online presentation (not a plug — just something we believe will move the needle),delivery radius will be supported via Uber drivers (~15 miles),alcohol sales were only 1–3% previously because the old location didn’t have an actual bar and there was basically no signal that they served alcohol (no mixed drinks, no “bar energy”),the new space has a fully remodeled (2007) kitchen/dining, plus a legit outdoor eating area, and we’re reopening there in April.  

On a 400k purchase you are basically using the whole line, so run the quick reality check with real assumptions rent minus PITI minus management minus maintenance minus a vacancy hit and make sure the DSCR still clears and you are not negative before repairs or turns.

Often referred to as a "x due in y".EXAMPLE: amoritize for 30 years, but balloon payment due in 5, so "30 due in 5".There's a whole lot more you can negotiate with this, but this is the basic version.