You'll have to pay rent regardless, so you need to consider that you would already have that expense, along with the fact that you'll get the benefits of principal paydown and asset appreciation (especially by leveraging).Acquire the asset and perhaps focus on something you can add value to, then you'll have a 100-200K equity chunk to play with in a few years when the market accelerates again.

If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

When was the last time you have seen a RE syndication offer without an appreciation play?  

He played dumb, telling me he told me from the get go that the initial inspection was all we were getting.I would have never taken the deal if that were the case!

*Two-wire ungrounded systems with two-prong receptacle acceptable *Two-wire ungrounded system with three-prong receptacle unacceptable unless supplied through GFCIBased on that, the 3-prong outlets you put in wouldn't pass if they test them.If you're interested, here's a list of the top 10 most commonly failed inspection items (in order from highest to lowest failure rate) from one county Housing Authority:1.

They were looking for proof that I am authorized to list the property for rent and I had to give a copy of the warranty deed or utility statement I think.

If your network likes the pure equity play, you should offer that.With the "debt" financing, are you planning on using this as your mortgage, with no "traditional" mortgage ahead of it?  

Do I know how this will all play out ? 

I chose to mention grad school because it plays a big decision in my first option as well.

Just eliminating some perks for the folks that don't play ball.