Ok BP universe.I really need help on this one or I’m going to lose my mind.This post is aimed specifically at the people who are very familiar with either JV funding/ Partnerships, private money or all 3.The names and details have been slightly changed to protect the innocent (and also so I don’t possibly violate my non-disclosure).  

The cause was not determined.It is recommended to make modifications to the attic ventilation system in this home in order to meet minimum requirements -inadequate soffit venting.The inspection has identified an active plumbing leak at joint within water supply piping under home as seen in crawl area.The access opening size (for small crawl area) is not adequate to allow for easy entrance to the crawl area.The vapor barrier/plastic covering on floor of crawl area needs repair to provide the intended service.

In most cases, particularly early in the investment’s life, this deduction eliminates most or all of the current income.

I guess somewhere the overhead costs or all the requirements they ask from owners prior to managing the building became too much.Thanks for heads up.

What’s good is that you get some (or all) of your money on time, every month.  

Sometimes sellers will cover some or all of this but usually not.

The inspection reports must be satisfactory to Buyer, or all deposit monies will be immediately refunded and all contract obligations considered null and void.

You can finance flips with hard money loans, not conventional financing OR all cash.

If you want to use your Ira for some or all of the purchase, you can without having to cash it out.

If you have some (or all) of these areas of knowledge, maybe you can get your lender comfortable lending to you.