Our agreement doesn't cover a sudden decision to sell, but I also don't want to burn a bridge with just making him wait.

How do investors switch from single family to multifamily? What is the Investment Career Path like?

Would you trust someone to build a bridge based on their gut feeling over an engineer using numbers?

I operate just over the bridge in the same rental class but in the Broad River area. 

The HELOC is as great tool if used effectively, because it provides a bridge of capital for getting into new deals.

You'll need a bridge lender because most traditional lenders won't get anywhere near that. 

@Ruthber P. you have a few options:1) get a bridge loan that will go 80% LTC (assuming it's a value add play).2) get the seller to carry some of the note3) get a partner to put in the short funds for an equity stake4) Hard money lenders (better know what you're doing if you choose this one)

Bridge loans are similar but might have lower rates than HML.

We will now have to get a loan to bridge the gap for the overages.The comps that the partner provided suggested a 950 to 1MM sales price, but the math using sales price per SF from the comp he provided would indicate a valuation of 830K.

I want an amazing agent who has my best interests in mind, and I want to do the right thing and do not want to burn any bridges.