We want to create an affordable SRO-style housing product with common facilities and meal plans included in monthly charges.

Downtown commercial lots are available in the twenty thousand dollar range which is almost unheard of in a place with this kind of scenery and potential.

Private money lending is your typical mom and pop, family, or pool of investors that create their own notes and will have a common sense approach to lending.

That's what this site is for . . . genuine individuals interested in a common goal in the real estate world. 

What common red flags do you look for in applications?

Then, I kindly explained that it might be best for both sides if she provided a 60-day notice to vacate so my team could make the necessary repairs.It worked.

Everyone kind of answered.

.- "10% Across the Board": While a common rule of thumb, it may not be enough for all properties.

You want to know what kind of loan terms and leverage you can get and what their requirements might be....how much you will need to maintain in reserves, interest rate caps, fixed or floating rates, insurance costs, what kind of personal assets they will want to see from you or your key principal.Good luck and best wishes.

I understand that there are less common factors that may lead to foreclosure; but realistically, if I'm good to cover my bills shouldn't I be less concerned?