I like to write in outline format because I believe it is easier to respond to and clearly outlines everything I want to portray.Background:My wife and I live in a condo in Los Angeles owned by my mother-in-law• My mother-in-law is willing to gift us the property• My mother-in-law wants around $100k and to go in together on a rental property near Palm Springs• My mother-in-law still owes $170k on the condo we live in and has about $390k in equity on this place• My wife does not want to leave the condo to start acquiring properties, because my mother-in-law will sell itI want to start investing in real estate • I want to own the property we currently live in, to show lenders that I have an asset that makes me reliable to loan money to Title Agents/Lenders• Want us to purchase the home from my mother-in-law• Want us to purchase the home between $300-400k or do a cash-out refinance at around the same amount• Have evaded a discussion around a giftQuestions to Bigger Pockets:1.  

Then I'll need to get 4-5 applications before one checks all the boxes.The criteria you've outlined and the places you've posted should suffice.  

Planning for your fear:"If 'X' happens, I'm going to 'Y""'Y' is the best action to take for the following reasons""Here is a basic outline of how to do 'Y' effectively"Mocking your fear:"You really think that 'X' is going to happen?

Hey @Max Lichtenstein, this is normally outlined in the purchase agreement.

I outline where the market stands in Indy and reasons (IF ANY) to be investing now.

When things are great you do not think you know what will hit the fan, but if it does, better to have it outlined what happens

Does anyone have any links or suggestions on where to get a good outline that I can edit?

Do I just have to take a leap of faith that the buyer will pay as outlined and not walk away at some point?

What contract/contracts do we need to sign to outline splits and to make sure both of our butts are covered? 

There are many different pros and cons of this strategy, and I’ll outline a few of them below:ProsPre vetted properties where the due diligence has already been completed and results and a proforma are provided prior to your investmentAbility to invest in multiple single asset investments to offer similar diversification benefits as the multi-asset modelPotential for “hitting it out of the park” returns on an amazing investment that far exceed the proforma returnsHold times are generally shorter as the exit strategy is based on only one assetConsRequires larger investment dollars to gain diversification across multiple assets, asset classes and/or geographiesTimelines can be very urgent as there are usually limited investment spots available and good investments can fill up very fastMulti Asset Real Estate InvestmentsOnce again, it’s not difficult to figure out that multi asset real estate investments include more than one specific property.