She's made the money she wants from active flipping, but she is an investor and so she's trusting her money to me (with some advice along the way) to make sure the flip we're undertaking will run smoothly.

I agree there is some maintenance issues, I am a small time guy under 30 units right now so this would be a big undertaking, I think I will keep looking, I just can't seem to find much "for sale" in my area, I need to find better sources for apartment leads, and maybe this means meeting other apartment investors in my area.

I'm sure there may be more going on behind the scenes, but a ground up construction is a big undertaking with many moving parts....a more manageable project may be a better idea for now.

Hi,I am looking for suggested reading material that will give me a better understanding of how to use my abilities as a realtor to either connect with a developer, or undertake my own development operation.

Seems like this is no small undertaking but a worth while one.

That's a lot easier than a public offering, but is still a significant undertaking.

Thus it is not proper for such a broker to undertake to devise the detailed terms of a purchase-money mortgage or other legal terms beyond the general description of the subject property, the price and the mortgage to be assumed or given."

As a Property Manager, on certain types of rehab projects for clients (outside of "normal" repair and redecorating) we charge either 10% of the contract price, or a straight hourly fee (terms are negotiated at the outset of our property management agreement).

Hey Shirley-In NC you do not need a lawyer to close, BUT... it is a very risky undertaking to go REO without one.

They knew that I didn't have the properties under contract, and that I was just trying to get an understanding of what things cost if I were to undertake the project.