We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project..Your title report should have alerted you to the issue.The payoff the escrow company got from the lender should have alerted you to the problem.Your interview of the seller before you bought the house, should have alerted you to the problem.You calculations on the numbers should have alerted you to the problem.Check, cross check and check again.

Mountains and skiing, yup we got that too. beaches, check, but sure it's not ocean and no not the same but it's fishing, it's a beach.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I would check with your CPA to make sure you want to offer up those services.

I personally recommend checking Columbus OH - lots of job growth, population growth, and major companies moving and developing here.

It's like playing the couponing game and a store gives you money at the check out.

Make sure you check deed restrictions, code, and rumors of new deed restrictions and code.

I checked each on a weekly basis.  

Hey Helena, I know we've already chatted but you should check out this BP thread about us:https://www.biggerpockets.com/forums/311/topics/1184140-plan...

I would check the rules in all of your jurisdictions.