That gave him a loan of $225k, minus the $180k outstanding loans and credit.

It does not take much math skills to realize that without an extraction of value that the cash flow would be outstanding.  

At the time I got a 5-year commercial loan amortized over 20 years, the idea was that every 5 years I would reapply for/refinance the balance at whatever is the going interest rate.So, in 2021 when it was time to refinance (5 years passed), I was able to get a 10-year loan amortized over 15 years.Current rate is 4%, maturity date is 9/31, current outstanding balance is 220,742.

For late rent, it’s pretty standard to let the PM follow their process as long as they’re collecting consistently and enforcing late fees, but it’s also fair to ask for a monthly owner statement that clearly shows any late or outstanding payments so you’re in the loop without needing to micromanage.

The exit strategies are equally strong: the property can continue generating outstanding cashflow as an Airbnb, be converted into a long-term executive rental for consistent income, or be sold in five to seven years with built-in appreciation and a proven rental history, making it highly attractive to future investors.Ultimately, this investment is more than just a property—it’s a legacy asset.

Lol hot damn. 

No outstanding issues to deal with.

My belief is “passive” (meaning no value add, flip, etc - residential RE is never truely passive) real estate investing is challenging everywhere.Historically San Diego has been an outstanding location to invest in real estate.  

This formal document notifies the tenant that they must pay the outstanding rent or vacate the property by a specified date.

Title insurance is designed primarily to protect you as the buyer to ensure that you have clean title, meaning that there are no other outstanding claims on the property that could interfere with or limit your interest and/or control of the property.