Marketing, showings, preparing the property for rent, dealing with HOA’s, processing the application, etc.... in addition, the Agent has to pay a referral fee out of that lease fee if another realtor brings the tenant to the table.

I want to create a team where we all bring something to the table and we all eat!

I think all options are on the table for us right now, and if the right deal came along and we needed more cash, we could go above that 250.

You never know when the tides will turn, so take this gift now.Down the road when you are ready to make another purchase, put the high interest loan or credit card loan back on the table as an option to consider with other options. 

We are a long-term buy & holders, but never want to be in a position where we can't exit a property without needing to bring money to the table.

Cap table calcs are hilarious!

Should I let the tenant know right after or before I leave (arrive at) the closing table?

I did this before and unfortunately, I was dragged along for almost a year, but then again this was partially due to the borrower and his lack of due diligence (I’ll take blame too for partnering with the individual) but I like to think that the mistakes I had seen wouldn’t take place if the project was under my watch or to the very least the situation would be handled differently.The properties and deals that I generally see and come across in the South Jersey and Central Jersey areas would need a gap lender that would bring roughly 25 – 45K to the table depending on the area.

I understand that we bring different skillsets to the table and maybe my learning curve will be a little sharper than others, but I expect to be able to get this to some degree at some point.Thanks for your continued patience with me on my quest to save my ***, time and money.Much love.

I don't think there's much wrong with the rate, you'll be stuck with stuff in an escrow account, etc. but it's the amortization table that's going to kill you.