Here, you originate the loan using funds from many individuals whose names all appear as the lender on one note.

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

Hi Michael,It appears my brother Ian O'Shea was already mentioned in this thread.He's of this 'young gun attorney' mentality mentioned by @Troy Gandee.

it appears in your profile your not... 

Quick question before I give advice -- based on the cost numbers ($28K purchase, $50K rehab, additional $15-20K rehab, plus any purchase/holding/selling costs), it appears that there's a good chance you're going to break even or lose money on this deal.Are you prepared to do that? 

Crime really does appear to be bad in the area.

Multi-Family with NO Certificate of OccupancyI have discovered I am in a deal to purchase a houseand units with seemingly NO Certificate of Occupancy from the City.It appears these are supposed to be applied for by the original contractor,however the city has NO record.These units have been renting since 1951,does anyone have experience in this area ?

To the left of your typing will appear a list of names that match your first three letters.

I am thinking about lease optioning a property that appears to already have a renter on a yearly lease in place with 5 months to go.

The condos appear to have good rental income.