Also, since a developer out there just turned an enormous amount of previously spongy, wooded land, with lots of tall absorbent grasses into a big fancy neighborhood, I suspect the flood danger has increased for the whole area and it will likely flood worse than before.

you are right Joe, basic math in REI trumps fancy degrees in calculus or accounting. are there any deals worth doing that have obvious negative cash flow like this?

When this happens the fancy/complicated entity structure is useless protection-wise.Lots of attorneys out there who will sell you a $10k+ entity structure that doesn't mesh with your operations as you scale your portfolio and team.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.

Bonnie, fancy meeting you here!  

Hi Jon,I was the project manager ( and owner: family business ) of a luxury apartment building in a fancy area in Lebanon ( Baabda ) consisting of 16 apartments

I've seen IKEA custom kitchens in everything from fancy uptown condos, to homes in the burbs, to garage apartments listed on AirBnB.

Standard replacement nothing fancy.

If Ithaca tickles you fancy let me know.

It does add stress/complexity to your daily routine.

This clause is a significant risk because if the lender discovers the transfer, they can call the loan due.Although many lenders do not routinely enforce this clause, especially if payments are current, it is a risk you and the new buyer must understand and accept.Disclosure:Full disclosure to the new buyer is crucial.