This sounds like a development, so you and your team should have years of experience and a track record of success before you take other peoples money. 

So when you hire that able handyman and give him keys to all of the apartments and the security codes without learning that he is 90 days out of prison for breaking and entering and committing assault and kidnapping your umbrella coverage may not help.And, these days, a million dollars of coverage will deal with the contents of a small truck that you sideswipe and it bounces around a little with the electronics inside.

The end product will be great, as others have mentioned perhaps in other threads, Delta has not increased any of the cost, so there is still a huge equity upside.

At that time we could renovate the ground floor apartment and potentially turn it into (2) apartments for a total of (5).My questions come down to how do we deal with the existing 40k mortgage, whether we can make it work so her parents aren't paying much in rent, if anything at all, and whether or not we set up any legal entity, like a trust to help the legal situation of paying off her sister down the road. 

We are already partnering on multiple properties so this is part of a larger plan, I just was wondering if there were other ways to think about the proportion of cash to equity.

We are headquartered in VA Beach, so I am not too far away.

I want to make sure I am putting my best foot forward with this guy so I was hoping for some examples and feedback here.Let me know!

The time has come for me to start investing in real estate and before doing so i'm looking to build a strong and dedicated team of partners: agents, lenders, contractors and property managers mainly in the Cleveland area (but also open to markets within a 2-3 hr drive away) that already possess an excellent track record in their line of work and that value long term collaboration.

Hello, my name is Trevor and I’ve recently took in the interest of wholesaling properties, I have never networked before so I’d like to make friends and potential clients in which we can both help eachother out some. 

I wasn't looking for a monthly plan, I want to first see if it works for me so maybe I'll send through a list and take it from there.