It presented many challenges and exhausted more cash than we planned on.

(This is a list off the top of my head and not an exhaustive list)

Ryan Hey RyanBecause of the cost of portfolio loans, we always encourage borrowers to exhaust their conventional options first, all the way to the max of 10 loans per individual and 20 per couple. 

If yes, I've created an exhaustive checklist in irder to 'reverse engineer' the property, debt and title.After determining that the opportunity has merit, you need an entrance (and exit) strategy.If you are trying to buy the asset (the property) then you need to find someone who has the ability to pass title to you, either owner or the person in charge of their estate, if deceased (or conservatorship, if owner has diminished capacity). 

We would exhaust a majority of our loan initially obtaining the property with probably only about $5k left for renovations depending on how negotiations go.

It is very exciting, but also stressful and exhausting:-) I guess that's why all the pro's on here keep telling us it's hard work and you have to be willing to put in the hard work to become successful.

They are exhausted and fed up dealing with Apt. building, I tried multiple times to convince them not to sell, from finding a property manager, or even for me to deal with it.

I am pretty much on the phone for 3 hours a day after I get off work and I am simply exhausted.

If the author stashes the cash in a CD earning an inflation-adjusted 0% each year, then the reserves will be exhausted at some point well before year 30, which is fine because cash flow from the properties is meant to supplement the reserves in the long-run.

I found a great off-market flip deal where the owner is willing to do owner financing (great for me since I've exhausted my personal credit on other rehabs) My summary and specific questions are below:The Deal: $250k purchase price, 10% down, $50k rehab costs, $375k minimum ARVStructuring the Terms: 1) Owner is giving three financing options:a.Amortized 6 month loan w/ scheduled provided by Seller (interest of early pay off will be required)b.Balloon 6 month loan w/ scheduled provided by Seller (interest of early pay off will be required)c.No monthly payment with amortized interest added to money due at time of closing2) Owner wants to keep title under their name until loan is paid off, but the owner still has a note on the property.