You can't pretend to be someone or something you're not.

Or are you here just pretending you are serious just so you can belong  in a group called biggerpockets?

I would recommend asking the following questions:- How long they've been in business- What is their source of funds (some pretend to be lenders but are actually brokers- Ask references for people that have used them- Find out what they LIKE to lend on (they all have their favorite)- Do they retain and service their paper or will it be soldBest of luck!

If you don't treat it like an investment when you purchase it then you are fooling yourself by pretending it is an investment.

As for your letters (more opinions are about to arrive) they are EXACTLY what I thought they would be; that regurgitated garbage everyone who pretends they are a marketer mails out thinking just because, "I have cash, I close quick, I buy As-Is, I, I, I do this, I do that, Look at me, me, me" people are going to call them up and throw deeds at them.No USP.

Let's pretend it is exactly $1 Million, then 75% of that is $750,000, which is the cost of the development.

Why would you pretend to be the property manager?

Stand in the kitchen and pretend you're a mom (maybe you already are one).

In short, pretend you are just business partners :)-Christopher

I would almost pretend you aren't going to live there and there is a second tenant in there, and calculate everything on the income from both sides.