You are required to hire a 203k consultant which in theory should be beneficial but in reality it is alot of handholding and red tape.

The feeling is mutual :)Look forward to connecting someday...

Meeting other fellow investors in your area is very beneficial!

I don't think I was clear - this scenario would be mutually beneficial if the partner didn't have much capital to work with.

I mean it's equally beneficial to both of you to get someone else in there... why not put the pressure on him to market it and find a qualified tenant (the same quality that they are).

Though I thought selling a tangible product (real estate) was much easier that something intangible (stocks, mutual funds, etc.).

This is one of the reasons why I believe teaming up with a mortgage banker over a bank or credit union is more beneficial to investors and consumers.

If she is insistent on the changes though, you can do one of two things. 1) She can split the cost on mutually agreed items with you. 2) items you don’t agree to split but agree can be changed, she can pay for herself, but the changes will remain after she leaves, and any negative changes or repairs that need to come from her changes will be taken out of her damage deposit.

With separate entities that JV together on projects of mutual interest, if you like a property that your partners don't, you can always buy it yourself under your entity or with just one of your partners that also had interest.

Seller might try to defend on the grounds of mutual mistake if neither of you were aware of the tax problems.