The borrower is billed for the amount that is actually borrowed plus any interest due.right of first refusalA provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.right of ingress or egressThe right to enter or leave designated premises.right of survivorshipIn joint tenancy, the right of survivors to acquire the interest of a deceased joint tenant.sale-leasebackA technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.second mortgageA mortgage that has a lien position subordinate to the first mortgage.secondary marketThe buying and selling of existing mortgages, usually as part of a "pool" of mortgages.secured loanA loan that is backed by collateral.securityThe property that will be pledged as collateral for a loan.seller carry-backAn agreement in which the owner of a property provides financing, often in combination with an assumable mortgage.servicerAn organization that collects principal and interest payments from borrowers and manages borrowers' escrow accounts.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

This will be out first private money deal and I’m curious on best practices for structure. 80% for investors and 20% for sponsors.

Thanks, Trying to practice analyzing one a day. 

I think they should practice with close friends and family.. but that's just me..

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Focusing more on the multi-family practical system for US markets. 

The two of us can now share best practices, where to buy cheap materials, who has cheap insurance, mortgage lenders, contractors, community insights, strategies, even renters that we liked but decided to go with someone else.

I'm sure you can find a local Realtor willing to assist you with an offer contract, in exchange for using them as your selling agent (also a good practice if you wish to sell quickly).