I prefer to source all my deals off-market, which allows me to find properties with less competition and negotiate directly with motivated sellers.

What you want to ask is if they are a direct lender funding and servicing your loan

It worked out beautifully... they met their deadlines and profit goals and had the break they needed.Perhaps selling one property sooner is the solution?

Quote from @Evan Haas: I'm focusing on 2-4 MF properties, but if the numbers worked for 5+ when I'm open to that too, I just am assuming I don't have the capital yet to go in that direction. 

Keep wasting your time then and looking at MLS deals ;) You can make more money and actually get deals going direct to the seller instead of this.

To be direct, I am not a fan of what you are proposing because it shifts all the risk onto the other partner. 

I'm not sure how they paid so that may or may not be a solution here...The other thing is technically your tenant owes you still, and the prior LL may be liable for fraud.

Im British and have been in Dubai for 13 years also selling real estate at Keller Wiliams so very happy to help with any questions you may have.Hi Raju so sorry just seen this message now. you can find me online and directly DM me in that way.

I prefer to source all my deals off-market, which allows me to find properties with less competition and negotiate directly with motivated sellers.

When maintenance is scheduled, we send out a reminder, and if they won't be home, they can easily authorize entry.Sometimes, our contractors will contact tenants directly to arrange the most convenient dates and times for visits.