Also if you got the OM from the broker, you probably had to sign off on a principle CA.

The broker should be able to give you an OM (offering memorandum) which will include at LEAST gross receipts annually.

(Sorry for all the M's in the title)Fellow BP-ers,An OM crossed my desk which seemed promising, a 9 unit multifamily which had decent cashflow and the numbers would work at a slightly lower offering price. 

You did not mention price point for purchase and rehab so it is even more difficult to assess what a good return on the $20k would be or how long the project is expected to take.You have a couple options, the money partner with the $20k can come in as debt financing meaning they get a set rate of return om their money or they could come in as an equity partner meaning they get a piece of the profit but that also means they can take a loss too.

I've seen earlier OMs and whatnot. 

Best place to start is to study the OM of the types of properties you would like to get into then connect with the brokers and ask good informed questions about the property.

Even if you take occupancy om 1st floor with them there.

I took the OM rent roll and 2020 annualized PL to start the in place.

Om contemplating moving forward on a deal I located through a wholesale, the property comes with a 30day leaseback and it needs cosmetic rehab, what should be pitfalls to watch out for?

@Matt TeegardenJust took a look at the OM.