We are standing side by side staring at it, lol. 

@Jonathan New I've been to most of the multifamily conferences this year, except Best Even Conference and Michael Blank's.

From talks with people who do use leveraging extensively (which I'm personally not very averse to, hate the risk of foreclosure staring me in the face constantly), the trick once you hit that maximum credit barrier is to turn to private money.One of the companies my partner invests with offer balloon note deals at 9% annual return and half the equity upon sale.

Ask the Seller point blank and in writing, if they have had any tenant that has been more than 60 days late on rent since he took the possession of the property.Suggestions (based on my experience):1.

I told him that I was just staring out and wanted to start with buy and hold properties. 

Thank you for the response @Jim PellerinIs it necessary to get this joint venture drafted by an attorney, or would it be sufficient to just fill in the blanks on a template? 

Many simply were raised in the woods and even though they made big money and we paid them big money to log for us.. many times far more than a million a year as a sub contractor ... you could never hold them to any kind of standards .. heck the permits were fill in the blanks..

He left the pets line blank on the application and now that we've gone through the process and are ready to sign the lease he says he has a service animal.I have no problem with him having a service animal.  

We can send a stack of blank checks to our RE agent, whom we do trust (and have relationships with him and his family outside this venture), but still, feels kinda wrong to send a stack of blank checks.  

I've researched investing in the past, but have just stared up again and would love to start learning from others in a small group so my husband and I can move past research and into actually owning investment property.