1st: Listen to the BP podcast from the very beginning, the early shows has some great nuts and bolts type advice for new investors.2nd: Get involved in a local Real Estate group and make contacts/friends in the business and try to help them in exchange for the opportunity to learn.3rd: Go find a great deal and bring it to the people you’ve met locally.

A recognized environmental concern (REC), or a major issue, may cause issues financing or require an environmental indemnity in the loan agreement.A phase II is much more extensive and expensive, and usually involves the type of issues that will cause a lender to decline financing a property.

This way I can recognize potential deals a lot faster and hopefully make money for all of us involved.

I have reached out to local developers to buy me out and they are all too involved with other projects.

Fred Heller is right in that an estate attorney needs to review deal for Widow as we don't know how things are titled, is there a trust involved, is there a will and or if there is going to be fight over Husband's estate from family or anyone else.

I have been working on this deal for a little over a month, and i have analyzed this multiple times.

Another tactic would be to invest in a fund that has residential debt as its primary asset class, this way you are a passive investor along side other investors and your funds are spread across multiple assets which helps to spread out the risk.

Make expeditor contacts so you know exactly what is involved with obtaining permits and how much it will cost.  

But without the words condo being removed from the title the FHA would not approve.So now we are working for another extension and switching over to a home style renovation loan in hopes that we can get approval there, as HUD will not be involved.

I’m curious on the structure / finance of a deal when there are multiple investors involved.