Only 250 a month is not enough meat on the bone for most to JV. 

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

You don't know all of the people living there so that's a big red flag as well.

If you have any questions, reach out to me at any time!

Would a home equity loan be a viable option in this situation, especially in regards to eliminating some of the red tape I'm running into with a refinancing an scorp-owned property?

I plan to call lender on this but don't want to wave any red flags. thoughts?

rlkey=nqll6j71hmuippapvh8fdgnv4&e=3&st=f4ummlca&dl=0It was hard to find a similar property which I didn't know if that was a red flag or not.

Now, I’m curious about real estate investing.I have some experience flipping a couple of houses, and although I have a ton of flaws, one of my strengths is being resourceful and assembling amazing teams—I’m always looking for people better than me at what they do— what seems to be a good fit for real estate.

Good concept but so much red tape it does keep us little guys out unless the qualified developers are willing to bring us into their deals.

Those returns will give you some insight into the integrity of the Syndicator, as well as raise red flags of a possible Ponzi scheme taking place with your money.Let’s look at the balance sheet again on the IRS Form 1065.