My scenario is this I am exploring a new market and putting together a 3 member partnership. 

For the sake of keeping on point, this is an example of how to use a Monte Carlo simulation….not the ins and outs of my proforma calculationWith ModelRisk installed you get a new tool bar.Which has lots of great functionality that you can explore but here are the basics.4)You need to identify your output variable.

Keep asking until someone says yes, and if no one says yes, then explore HMLs.

I got an answer for the state of Ohio from another reputable source.  

here are for real lenders in the space.lendinghome   they do charge 200 bucksLima one   no chargeVisio  no chargeLendingone  No chargepatch of land  no charge.cant say all but most of the on line guys advertising then hitting you with 500 dollar up front fees are scammers out to steal your 500.. go with a reputable company..

to answer your question - yes the 3,000 is on my tax return, but only for one year.thanks for the Co-borrower game plan - didn't think of that one, although the only person I can think of doesn't make enough money to qualify for a roll of toilet paper Hopefully there are other loans besides conventional that I can explore 

You need to have financing lined up before you put a property under contract.You should also work with a local reputable hard money lender, so you know the terms and whether they will lend on the property up front.

Once you get here, take the time to explore and understand the niches.

Coming up on my 60 birthday, so I would like to explore more passive investment options including (1) Hard Money Lending, (2) Private Money Lending, (3) Buying and Selling Notes, (4) Syndication or even, (5) Tax Lien Certificates. 

Furthermore, do that kind of thing and you're quickly going to get a reputation as someone to avoid doing business with.I think the only course is to try and beat the other offer.