If you can finance it 100% wit an 8% pref to equity partner and still cash flow at a level that allows setting aside CapEx - it's a deal.

BiggerPockets is definitely the place to find and vet those partners (as you are witnessing with this post)!

This will document the delivery of the final check with a witness, and it will give the detective the opportunity to ask any questions about the situation.  

My only eviction in 5 years was a guy that had multiple offenses and was still driving drunk (I witnessed it personally) after he moved into my building. 

I am bias to this question only because I live here and I have witnessed what it has done for me and my financial freedom from working a regular 9-5 job.

The reason the prior contributions and the fact that he's responsible for the maintenance wasn't on paper is because it was an added expense with the attorneys and we agreed what the terms would be and felt we could equitably distribute and designate funds as mature adultsPillow talk and 3 witnesses indicating that they knew the real deal, which was - Thank you for letting me have 50% of this $300k home for $15k. - It's up and running and just needs some exterior updating.

Hand Write out the agreement on a notepad and have everyone sign and get two witnesses who are not relatives and not party to the deal to sign. 2.

Nate, I was trying to deal w/it in a joking way , however there is no such thing as a "pre-approval" for a home loan, & if somebody out there is using the term, they're merely interchanging the qualification terminology;& considering the C/Cd & automobile industries "hi-jacking" of the terminology, I'd never want a "pre-approval" letter;then again, that's just me?

If they do ask – do what I suggested in another one of your threads on this same topic – refocus them on their deal.As a wholesaler you really need to deal with your issues first though – they are coming through loud and clear to an unbiased witness (me).

Cops have also been inside the house and have witnessed signs of extremely unsanitary conditions: pet waste/urine around the house, you get the picture..