I would ensure you get a formal partner agreement that spells out roles/responsibilities, timing, taxes (capital gains), cash flow, etc.

The incentive for the developer to increase NOI is the same one you have, a bigger pot to take their percentage from.The final point to consider if your role in this LLC.

In another one of those "how could they possibly think they'll get way with this" frauds: One of our local rocket scientists set upon a scheme where he filed forged QCD's on vacant properties in foreclosure, then ...

In the A areas, you'd do well to get an 0.75% house.House price also has a role, right?

Of course the property would need to be a relatively higher cap rate considering it would need to cover the 6 & 8% interest being paid.Another option would be a lease option or something of that nature, sublet and exercise the option with private money or a conventional loan.I would love to hear some other ideas/thoughts, etc. on this!

It may be helpful to know when the tank ran empty, as it will give you more insight into her ability and willingness to follow directions and uphold her responsibilities.I would review with the tenant the course of events that lead to the problem and point out her role in that.

IF YES, did the lending institution exercise the "Due on Sale" clause, either immediately or after they saw the escrow or insurance paperwork change from John Q.

I would only exercise the option if local development continues and I can flip the property for a nice profit.

I'm willing to pay some earnest money to a mentor/expert for some advice, but much more geared toward paying off my HUMONSTRUOUS RE profits from the advice.You did mention some good ways of finding experts in the area - Rentals on Craigslist & property roles.

You need an understanding RE broker.c) Doing a lease option sandwich, staying in the middle, you can earn 3 paydays: option fee spread, rent spread and exercise price spread.d) I find if you market to sellers without agents, as in expired listings, cancelled listings, DIY landlords, and even wholesalers giving you "no equity leads" in exchange for a possible commission for the lead, these are best.