You are in a very decent spot to start out. 1) yes, you'll probably be more successful working with someone who balances out your strengths and weaknesses.2) Don't be afraid to work really really hard at first (6-12 months), it may be necessary.3) network4) think creatively, think differently5) plan to grow6) use other people's money; whenever possible, keep your cash in the bank7) work smarter and smarter as you go... try a few ideas, then focus, try a few more, then focus again, utilize other people's time for 10.00/HR jobs and focus on growing your business.Good Luck!

Pay them a small amount now and the balance when the rehab and sale are completed.   

Mortgage on $375K based on 4% for 30 years is $1,790Total Yearly Expense is $29,410 and Monthly expense + Mortgage is $4,241The property is giving income of $5200 a month from all 4 apartments, with monthly Cash flow of under $1,000 a month.Even that Cash flow look very good, the Cap Rate is only 6.28% and COC of 7.67%.Also owner is offering to "hold mortgage for balance" - what does that means?

Appreciation, perceived or otherwise, would impact a non-GAAP balance sheet and not pertain to the income statement.

It's called "balancing the system."

I don't carry balances, so there is no interest charge to worry about.  

It is VERY important not to violate the IRS rules here or you can face BIG penalties, up to sacrificing the whole of your IRA account balance. 

The seller must give you written notice before starting a forfeiture action, and you would then have 10 days to completely perform your contract obligations, including payment of the full remaining balance of the purchase price.

But there's a balance in leverage, too, and too much leverage without adequate cash reserves wipes out many an investor.; 

My current mortgage balance is a little over $66,000  and my mortgage payment is $663 a month(includes taxes,insurance).