They also didn’t like the idea that Phase 2 investors would dilute their position when they come in later.What are some fair and effective ways to address this concern?

There are some great neighborhoods here that balance cash flow and appreciation, like Fountain Square and Bates-Hendricks, and parts of Irvington.

Rent Price: $2,023With residents already moving in and retailers like Uchi, Van Leeuwen Ice Cream, The Salty Donut, Solidcore, and Lucchese opening, Plaza Midwood is about to be even more 🔥!

Rent Price: $2,023With residents already moving in and retailers like Uchi, Van Leeuwen Ice Cream, The Salty Donut, Solidcore, and Lucchese opening, Plaza Midwood is about to be even more 🔥!

Not likely to produce the result you think you'll get.

It seems like lease-purchase and seller-carry are better strategies but perhaps it's only because I don't yet understand the nuances of your escrow strategy.

Then talk to a qualified, professional QI like @Dave Foster.

Im not a fan of seller financing unless that property is free and clear and the seller is offering reasonable terms NOT on money they have borrowed. just too many people get into this type of thing without understanding the whole picture, like title being moved into the buyer's name, due on sale clauses... etc. etc. also, just because its a very commonly overlooked guideline which makes financing on 3's and 4's a little challenging: FHA requires the property to self-sustain its own PITIMI by the rents.

Screening tenants is like interviewing someone for a job.

Looks like you have a ton of experience and will be a good asset to this group!