@Warren Kong@Greg SoonThat all depends on your experience level and how comfortable you are with understanding the contract and knowing what a contract should include to protect you.

@Mark Fries @Daniel Kong Thank you for the kind words and advice.

Greeting from Hong Kong.

@Mark Hong - Thanks Mark appreciate the note

this will keep you out of the hood this will give you a nice shot at safe secure investment.. and maybe god forbid some gambling appreciation.also will tend to have better schools and because your buying right at or close to the median you actually have people buying homes to live in as owner occ which stabilizes the area and keeps the thefts down. when you buy at the bottom of the median or 50% of it or less.. what does logic dictate.. same with rent.and if your sitting on the west coast not really knowing or in Sydney or Hong Kong.... quality of tenants does not move DOWN exponentially with values and rent rates.. it does the exact opposite it get riskier and riskier.

@Gary Kong did you ever get an answer here?  

@Joshua McLean like @Daniel Kong said, private money would want to see a history of your experience in real estate and some up front money.

@Thanh Hong  You might to think about pulling out of the deal. 

@Daniel Kong you can only change the terms of the note if the language of the note permits it. 

Thanks @Daniel Kong I appreciate the encouragement!