My fun is in rehabbing properties - so far I've only held as rentals but would like to be able to acquire some properties that would make good flips as well.I have a background in construction and my brother is a general contractor - so I get some pretty good deals on vendors and materials (most of his vendors do work for high end home builders as well).For the last 10 years, I've also had my TX RE sales license but have not done too many deals utilizing it.

Here's some numbers:GOI (minus vacancy) = 21240NOI = 10620 (50% rule), however, because everything is new, NOI could actually be near 70% with no cap expenditures in the near future.Cap rate = 11% minimumcash on cash return = 25%I have a side deal with my brother/partner where he would be property manager but would forgo any payment in lieu of earning equity in the property - I can explain more if anyone is interested.

I am an experienced DIYer and my brother is a contractor.

You know my partner (and brother-in-law) Tom Cullen.

Bryan, you know my partner and brother-in-law, Tom Cullen.

My brother in law and I just finished day 2 of 3 of this Basic 3-day seminar for $300 each.

My older brother is executor of the estate and he is ready to dump it.

XYZ's mother deeded the house to both him and his brother before her death.5) Mr.

My brother lives in arizona, He is recently divorced and having a tough time making payments on the house they bought together, BofA and the government modification folks say they cant do anything until she signs a quit claim deed which she does not want to do. i believe she is concerned about future financial responsibility for the house she doesnt live in anymore even though az is a non recourse state.my questions are:Is there anything he can do besides foreclosure?

I tend to fall victim of the Analysis Paralysis syndrome and was afraid I might let a good deal fall through because I was spending too much time looking at the numbers ("overthinking it" as my brother puts it).