It is basically illegal in MD.

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.

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

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.  

Once you get a piece of property under contract, then you're outsourcing all of the entitlement work to experts and basically managing that part.  

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.

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.

Get back to the basic, get more education, and for goodness sake operate business properly.The gurus teaching all the weird ways of doing real estate don't make money doing what they teach, they make all their money selling you a THEORY.

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.

It's impossible to budget capex accurately without an inspection unless you are experienced enough to walk through and basically do your own inspection and know what everything costs.