The 4 points are spread out over the loan, so it doesn't just equal 14% (10% + 4 points).

Charlottesville is relatively close to DC so all things being equal, it's definitely an option.I'd love to connect with you some time.

There is equal opportunity for Class A properties to draw PITA tenants.

I unfortunately cannot qualify for the loan, so I'm looking for a partner to take on the $250k loan and bring $147k of equity.I'd like to structure the deal so that I have equal ownership interest with my partner, but he / she takes the majority of the cash flow, as he / she will carry the debt and bring almost all of the equity.

I have always found working with people who are equally as enthusiastic as I am makes the process that much more enjoyable!

This equals that 40% you mentioned.Future assumptions - what do most people put there?  

Risk equals reward, hopefully.

The loan will be financed under other parties name, but we will be equal owners of the property. 

For what is usually a minimal fee you get education from people who have "been there and done that" and, equally as important, the opportunity to network.

When they had the TRCC I signed up, got my license and was glad the playing field would start to get equal.