Accrued late fees in a month will be credited up to $10.00 if half of rent due is paid by the 15th.

Anyway....here are the notes from the wholesaler:ARV - 525kPurchase price- 315k, Rehab - 67k, Commission -26k, Escrow - 3k Net Profit - 114kNotice he has no carrying costs, but we can over look that for this post.My notes had an ARV of $449K on the high side and with a worst case exit of $399KWe had a rehab of 50K, other figures not changed much.Just out of curiosity I did a property search on this, I always wondered what happened to it.

Out of curiosity, in procuring class "A" property, are you investing local in California or out of state.  

My wife and i are sitting on some savings and would like that money to work harder for us instead of sitting in a bank account accruing less than 0.5% returns.

Out of curiosity, what is your ballpark acceptance rate?  

@Rick Baggenstoss just out of curiosity, what parts of Charlotte would you define "fast growing areas"?

The reason was to reduce risk, not to obtain funding.As Will mentioned, participations will add up to 100%, regardless of how you split it up, interest accrued and paid will be, at some point, an odd amount that can not be divided equally, the amortized payoff can also be an odd amount.

This then accrues two closing costs in this scenario according to the one title company I was able to find who would do a double closing.Any help would be appreciated.

Out of curiosity, how many rehab deals have you done?

The back taxes are accruing.