Pair that with his in-depth knowledge of the law and his history of taking people to court and I'm worried that I'll be looking at the business end of a lawsuit if I try to get him out.

Run it by your broker if you need another pair of eyes.After you've looked at enough properties you will just get a feel for numbers in your area.

I would recommend wearing an old pair of swim trunks when spraying.

Also, I'd definitely recommend working with an agent who can help you to refine those market rent estimates to a more precise figure.Happy to lend a second pair of eyes to review the numbers. 

like a pair of underwear and btw,  I am so tired of people on here immediately hitting the 1099 topic and insurance claims excuse. 

These commonly find borrowers and originate their loans and then sell them, or they might run a mortgage pool.Within those that sell their loans, you have at least two choices: 1) those that originate their loans and then sell them to anyone on their investor list, and 2) those that know you and your criteria (over time) and will pair you with specific properties and borrowers.

VA has lower credit/income/asset standards than any other loan program, paired with the best rates hands down.That is paired with the HIGHEST standards for the property in question.

Just get paired with a  hard money lender and you shouldn't have an issue. 

Just in the past couple of days on this forum, highly experienced people have advocated different approaches to a 50/50 profit sharing deal, one sayin that the 100% money partner should be on title, the other other saying absolutely not, you don't want the liability for the property during the deal, just use a profit-sharing mortgage.I was just talking with a pair of investors who did a 50/50 deal with a 100% financial backer to buy a distressed 24-unit apartment property.

The program, which ends tomorrow, will have transferred $1.25 trillion of MBS "on behalf" of the US taxpayer, representing the single biggest asset on the Fed's balance sheet, and backing up such liabilities as currency in circulation (yes, that dollar in your pocket is collateralized more than half by rapidly devaluing, and in many cases cash flow non-producing houses) and excess reserves.David H.