Actually I would say there is a decent chance that you've never had investment property in your life.And to be honest I am perfectly okay with your very probable lack of personal experience with real estate investing, but you might want to come on a LITTLE less strong next time when you've never been in the trenches yourself.Its very different when its YOUR building that you are remodeling, and unless and until the right profit margin is there with the right risk/reward factor, most serious investors are NOT going to jump in.

It's great to see how an experienced investor can balance the goal of making money with integrity and honesty.

To be honest I would rather give him the extra days since it will be vacant anyway for at least half the month.

To be truthfully honest I am some what expecting the same answer here... but I'd still like to hear everyone's general opinion on the matter.

I am assuming since you did not mention it that you didn't go the '''syndication route".With all the talk of 'private money' and the rules surrounding it, it is always good to learn how others deal with those issues.I am JUST starting to talk to potential lenders about doing private lending, and I the feeling I get is there might be a strong possibility that a few of them would be open to the partnering together on a larger project, which in all honesty was NOT even on my radar.

Also, which I just found that this was their plan.I have owned rentals for years, and to be honest I have been in recovery for the last 6 years.

I am trust worthy and I believe in honesty and American Workmanship..

If I spoke with the people who live in the area, is honesty the best approach or maybe act as a renter myself?

Its worth it.To be honest, I didn't even look at the numbers in your first post.

To be honest I don't want to deal with the big banks, I do have a relationship with a credit union but they don't offer the loan I want like Fha.