I keep saying it's making me a better investor and that's probably true.

✅= You're probably fineWhat Gets You in Trouble:Can't explain structureHidden arrangementsToo good to be true tax benefitsPartner disputesBottom Line:IRS cares about substance over form.

You’re probably thinking you have to offer asking price – not true!

But also, even as Joe points out in his book, the true value of a syndicator is pulling together all the pieces.  

If the offer price is too good to be true you may be dealing with an inexperienced wholesaler who doesn't know the market. 

For now, my immediate goal is to pay off all of my credit card debt (should be accomplished by February 1.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

@Drew Sygit Very true, Detroit is definitely block by block market.

As long as the city considers your property a true SF, you shouldn't have any issues getting this permitted (in theory, yet to see how some municipalities will handle this law).

When any of the following is true:1.

That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.