If you look at my out of pocket costs the first year, it really doesn't. 

She was very pleasant and explained that their website doesn’t work, which we thought was a bit unusual.

But doesn't have any property advertising, prospective tenant applications/screening, or any of that side of the business. 

Bank doesn't own it anymore they sold the notes to another reverse mortgage company. 

But just because it is 4 or 5 bedrooms doesn't mean diminishing returns.

If not, ride out the 12 months with the hard money lender.People have to make good choices and not over extend themselves just for the sake of buying something they really can't afford or that doesn't make good cash flow.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.  

If the house doesn't pass the occupancy inspection before closing, the municipality can usually issue a temporary occupancy permit.

If something is not all white doesn’t mean it’s all black.