Hey everyone! I briefly looked into RAL a little over a year ago, but am getting more serious about jumping on board with it. I know Gene Guarino is THE AUTHORITY when it comes to RAL, but before committing to the han...

Please also accept this general advice that is not a legal opinion, but preliminary feedback. 

Based on preliminary qualifications it looks like I can get a cash out refinance of 75% which would buy-out 3/4 of the partners, but would need my mother to stay on.

If I had to wager black or red, I'd put my money on the App bubble.  

@Jay HinrichsIf the house is occupied and has significant equity I would wager that 95% of the time it ends in BK.

I wake up late, find my leads in the afternoon / evening, and then do preliminary research on any decent leads I found later at night.

Are there any other preliminary steps I need to take that I might not have thought through?

(can be held at the title company or the real estate brokerage) Then you "open title" by sending the contract to the title company (some states have realty attorneys that do some of this, I'm not sure the details for those states) When title is opened the title company doe a preliminary title report, meaning they're searching the title for all the liens and easements and restrictions, etc, and tell you what they're insuring (up to the purchase price) and what they are not.If you are doing inspections and other due diligence, appraisal, well/septic, as-built, all that gets done in the mean time, if there's a deal breaker in your due diligence period you would get your earnest money back (check with your Realtor... if you're new at this and don't have one, get a Realtor)The remaining funds for the property come when the deal closes, this would be the cash from the buyer or a lender.

Examples include: Transfer affidavits, Preliminary Change of Ownership Reports, Transfer Tax affidavits, etc.Many people hire an attorney to do this for them.

This is a very basic and preliminary calculation.