You'd don't want this property and what to do with it create dissension.

Our city decided a few years back to start a revitalization program to create a more vibrant, sustainable, and just community..

Can you deal really sustain 15% interest payments?

Quite the opposite, most of the dollars I put into a property are yielding more than a dollar in resale value, so many dollars are actually CREATING my profit.In additions some of the other dollars are put in not to improve resale value by 1 to 1, but to speed resale time.I would say that in a well-managed rehab, few dollars that are put in come straight out of your profit.

.* Website - Create a wordpress site (free) and include photos, youtube video and additional info about the property.

In the world of lending things make sense, do not create realities.

When I mentioned that I would eventually move to rehabbing, he did go ahead and quote me for general liability based on rehabbing construction, as well as coverage for any possible accidents while showing a property.I am still in the process of creating an LLC through my attorney, and do plan to carry a decent policy once my agent figures out what to actually cover me for :D FWIW, I mentioned an umbrella policy to my agent since I have seen that tossed around here a bit, but he said umbrella policies are for individuals.

You have some great advantages here: The loan is paid back to your 401k (thus you get a set return on the loan amount for your 401k, you have the ability to get a tax deduction on the interest you pay to yourself (your 401k) by creating a note against your personal property thus making the 401k loan "mortagage interest" and who better in the world to pay back the loan to your 401k than YOU!

Of course you could always create a wiki tailored to this objective yourself, but there may already be a robust platform available.

Treasury created TARP in October 2008.