The mortgage is $1400 and the house is worth $250k.I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.The house is close to my work place as well.Please, does anyone has a thought on this?

I'll am to see if they'll finance the down payment,  I hadn't thought of that. 

If you are raising capital from people you don’t have a prior relationship with, and even people who you do, they would regard you as serious only if you had a professional prepared PPM and Operating Agreement.

I sense a bit of "purpose" that is driving you that you may not have thought of.

Quote from @Deltrease Hart-Anderson: What are your thoughts on putting new construction in a B+/C- neighborhood?

Juan,A couple of thoughts. 

Does anyone have any thoughts or ideas on this? 

I kind of thought this might be a good starting point because of the fact that a super deals with everything, and I would have little hands on work (I think!)

I’m particularly drawn to the mix of year-round tourist demand, the beautiful beaches, and the proximity to major attractions.That said, I’d love to hear your thoughts on how the market is performing these days.

Let me know your thoughts, and thanks for reading!