If you let something like this get under your skin, it will undermine other things of higher priority.

The deal looked interesting from the surface, but has gotten better the further into it I have gone.

I am perfectly open to skinning the cat in another way if it makes sense.As far as attorneys, I have a fantastic real estate attorney who I have used on all of our family purchases for over 17 years.

Tax liens are not as easy as they seem on the surface. 

Most of the time you can just kill it with bleach(non-porous surfaces) or throw it away (porous material like drywall).

RE issues don't disappear  like skin rash does. 

If not a lot of equity then can still use it as down payment/reno costs2) Hard Money Lender - The one I use doesnt require you to put down cash but will put a second position lien on your personal residence as your "skin in the game" - So if you dont have a lot of cash this is a good way to go.

the major difference is those investors entering the space ( rentals) are far more qualified and have far more skin in the game than in mid 2000's  this alone makes for a much stronger over all mortgage market.

If I was doing business with you I would either move it elsewhere or send you oddball sales prices just to get under your skin!

I was just wondering what banks would think of my controlling the day-to-day of the property and a parter only being passively involved past the mortgage signature with no real skin in the game.