Please understand that the title company did not "pay off the mortgage", they merely purchased the lien holder position.  

. $12k/$25k is a mere 4.8%.

That said, not many people on BP want to merely 'break even' on their rental props.

This is merely a regurgitation of what I've read/heard through BP.I'd recommend vetting the already-in-place tenant as thoroughly as possible.

@Todd Walker the documentation is merely bio/resume outlining the info you stated above.  

They merely have a 50% stake each of a company who owns the asset.

As such, most will also gave a listing agreement with the owner in case they want to sell.This, if the property manager is ligit... you are not going to go to the owber direct.... the mere fact that you find the property manager infers that he or she is "procuring cause"Good luck

You should be able to compare your loan estimate to your final costs, but they merely need to be within a percentage of each other.

I merely had to submit a letter stating that the costs which outweighed the incomes were a one time rehab project (for that building) and I received funding.

However what I was stating was merely I don't want to bring 100-200k+ into a partnership, be the only cash and still have a lower equity share..