I imagine that the list is short and full of risk.

I imagine there is not much of a relationship with the turnkey service after the sale and I would deal with the PM and Loan company directly. 

I assume you got a better interest rate, and I know you are saving a boatload of interest. 3) imagine year 11-30 where you are cash flowing thousands with paid off properties instead of hundreds because of these lean 10 years. 4) hopefully you can raise rents at least $100 each every year and in 2 years your cash flow neutral even with preferred short term mortgage. 

Btw, this kind of note-taking has been extremely helpful in other aspects of my life, and I imagine it will work quite well for real estate as well. 

Imagine a welfare system that was centric to a hand UP. 

I'm curious about this particular scenario because I'm imagining it as a way where all 3 parties (in this case) can get something out of the deal.

I am not sure, but I imagine that you could also help out and lend your credit to this type of purchase. 

Rates have not been very favorable through him lately, as you can imagine.

And do not even think about using the illegal basement as-is...imagine a fire breaking out and someone getting injured or worse....that would all be on you.

I imagine his partner Amy will blame him when the SEC comes knocking.