I see we're wearing our busy-body bossy pants today.  

I have considered partnerships with a Washington friend who could hold the loan and live there for a year and in return receive partial ownership in the property. 

@Alan Asriants there is no added time or added risk when buying properties that one triple net leases.All the drawbacks you mentioned are eliminated with NNN leasing owned properties.If the interest rate on the loan is low enough in relation to income received, there is no financial point in eliminating leverage, mortgage.

This would effectively double the income I am currently receiving from that specific unit.

The opportunity to receive cash flow from mobile home rentals, RV site hook ups and houses.

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.

I've even seen investors lend the deposit money and receive CO-GP honors! 

agents, that I've received, they are always the ones to initiate the contact with me on BP. 

Glad to see the investors are receiving those depreciation benefits 

Her dad left Abu a small grocery store.Chinese women at the time received no formal education.