The property was purchased in 2021 for 1.1 million, was appraised in the summer of 2024 for 2.2 million, and reports from online appraisal websites say it could currently be around 3 million.

Thanks in advance for your help!

Profits during the partnership can be shared based on the agreed equity split, with income and expenses reported via K-1 forms. 

Hi @Ryan Harrell in each case w/ a lender does a credit check (report - score) has to be undertaken?

Thanks in advance

Thanks in advance.

So logically he should consider lowering the price, but we all know how illogical sellers can be.Thank you in advance for your suggestions!

Thanks in advance. 

These folks do not need to be licensed but there are limits on what they can and can't do, and they have to be salaried employees of the owner or report to a licensed property manager.

Thanks in advance!