I was using a generic one and it proved to be not the best idea.

Tenant in common (TIC, sometimes referred to under generic term coop) have been used to do similar to condo conversions (but with significantly more finance hurdles) at much lower costs.  

I'm not saying you are taking a shortcut; it's just generic advice.You can learn about seller financing.

Personally I have material from both and have had DC’s coaching on the internet for $49 a month the information seems generic and long to reply questions.

While I'm happy to help fellow investors, I'm not here to just hand out my time/effort on extremely generic questions.

of folks on here are either working on getting their first deal, or have one rental and are dreaming of number 2.I constantly hear trailer parks being plugged, various books being plugged, and more shows on generic "How I went from 0 to 1400 units in ONE YEAR!".

I would advise, when investing rather than solely looking at MLS generic market data that can be confusing, check the comps in the areas that you are investing.

This is the most difficult step.Money cannot come from OFAC restricted country or person (there is a lookup list) Here is a generic list which is not the deep dive lenders will dohttps://sanctionssearch.ofac.t...If subject to Sharia law they cannot finance, it's all cash.Gifts to family in the US are allowed but have reporting requirements, but I don't think that is what you are asking.More than $100000 to one person they fill out Form 3520 with the IRS by April 15th of the following year and it is taxable to IRS and State of location.

Sam - you definitely don't want to just use a generic contract for this.

@Waylon Zook, Nope, the draw schedule is very generic and doesn't say anything about dates or scope of work to be done prior to payment.