:cool: This obviously substantially improved his DSR and allowed him to continue borrowing.Even if it doesn't necessarily make sense from an investment perspective (ie the 6%-ish return isn't very attractive, and may even be less than his cost of borrowing the funds), the fact that it enabled him to continue expanding his portfolio was what made this such a great option for him.

@Denise Evans as a buyer I start with the premise that if there was any net upside in rents the seller would have procured them already.

Contract administrator/ purchasing/procurement.... etc all help w/ skill set useful to investing.

Being that it was a friend, I wanted to be sure any deals I made he got his cut whether or not he was the procurring cause.

If I didn't call and ask, I would have committed to a deed that's way less favorable.The contract does say that they are not responsible for hardly anything, and it also has conflicting information.Here's an example of double language pertaining to title (10 of my contract):Seller shall be under no obligation to (A) remove any title exception, (B) bring any action or proceeding or bear any expense in order to enable Seller to convey title to the Property in accordance with this Agreement or (C) otherwise make the title to the Property insurable by the Title Company.BUT, right after that it says:IF, FOR ANY REASON, SELLER (A) IS UNABLE TO MAKE THE TITLE INSURABLE OR CORRECT TITLE PROBLEMS OR (B) IS UNABLE TO ASSIST THE BUYER IN PROCURING FROM THE TITLE COMPANY, OR ANOTHER REPUTABLE TITLE INSURANCE COMPANY, AN OWNER’S POLICY AND LOAN POLICY, IF APPLICABLE, AT REGULAR RATES (C) DETERMINES IN ITS SOLE DISCRETION THAT IT IS UNABLE, OR IT IS ECONOMICALLY NOT FEASIBLE, TO CONVEY GOOD AND MARKETABLE TITLE TO THE PROPERTY INSURABLE BY THE TITLE COMPANY, OR ANOTHER REPUTABLE TITLE INSURANCE COMPANY, AT REGULAR RATES, AT THE CLOSING DATE, AND THE CLOSING DATE IS NOT EXTENDED OR OTHERWISE AMENDED AS SET FORTH ELSEWHERE IN THIS AGREEMENT (OR BY SELLER IN ITS SOLE AND ABSOLUTE DISCRETION), OR (D) DETERMINES, IN ITS SOLE DISCRETION TO TERMINATE THE AGREEMENT AND DEEM THE AGREEMENT NULL AND VOID, IF REQUIRED BY APPLICABLE LAW, AND/OR IF REQUIRED BY ANY EXISTING CONTRACT OR AGREEMENT BINDING UPON SELLER AND/OR THE PROPERTY, INCLUDING, WITHOUT LIMITATION, ANY AGREEMENTSWITH THE PRIOR OWNER OF THE PROPERTY, ANY MORTGAGE INSURER OR ANY MORTGAGE BROKER, THEN SELLER MAY TERMINATE THIS AGREEMENT BY WRITTEN NOTICE TO BUYER AND THE ESCROW/CLOSING AGENT.

If it's truly a deal, and this is the quickest, most efficient avenue to procure it, I say go for it. 

All MLS listings must offer an agreed upon cooperative commission to the agent who procures a buyer.

Other than a short sale, which can take several months to procure, I have found that the highest below market value price has been 40-50% in my area.

Once again, I will recommend that you have wording in your lease that specifically states that if you are required to do work to restore the unit to a rent-able condition for items NOT considered to be wear and tear, that you charge  $XYZ per hour for labor and management (which includes time spent scheduling work and finding vendors, procuring materials etc.) 

I think they serve some good purposes, but if you're sourcing capital for a certain type of deal you'll probably be better-served procuring capital once the deal is tied up ideally.