So, back to the original question, what strategies or approaches have BP members used for securing private money lending for a down payment (knowing refinance will produce ability to pull out that down payment in equity in a short amount of time, to pay off private lenders quickly)?

I told the broker today about my concerns with the rent roll and he basically said that what he was able to produce for the OM took a ton of work to formulate the numbers to be what they are based off the scratch pads of accounting they the seller maintains and calls records lol.

I'd ask the broker to produce financial statements that are at least somewhat useful to you or have the the sellers pay for a CPA to do the books. 

Actual Terms of the existing loanActual RE TaxesActual Insurance Costs...so forth and so onI would venture a guess, that it would be challenging to find a rental that could produce this return, in the same time frame. 

A couple of those could produce some cash for solo ventures.

Is it a rental and if so, how much cash flow does it produce?

Finally, if you look at the biggest producers (realtors) in Phoenix, there are a lot of people in the top 50 who work for/with Offer pad and Open Door.

My guess is that the next year will see a lot of producers exiting the business and some consolidation (m&a) activity. 

Logan, that’s really good info, I appreciate the innovative way to look at the SoCal market.I’m definitely willing to look into multi-family units that I can live in and rent out simultaneously.

So am I correct that my commission was due and payable on 3/20/18 when I produced a ready, willing, and able buyer?