I wish you all the best on your real estate venture!

Remember two key words in any business venture: due diligence.

I have several options for making this property a successful venture but these have not been fully vetted yet.

To avoid all this you may just want to do a joint venture agreement.

Keep learning and I wish you all the best on your real estate venture!

Thx @Mark Brogan@Alpha DiawaraThe name of the game in residential real estate is cash or termsWholesale deal no, no equityList w agent deal, no, seller Will need to pay costs so including commissions closing costs so is concessions holding calls repair costs, say 10% of value, if accurate price is 390,000 that's 39,000Sub to, you can't buy any equity and rent equals PITI payment = no cash flowWrap around, noJoint venture with the seller, noContract for deed noLease option assignment only solution, get out of this no equity deal with no cash flow and minor repairs

@Domin Car,I have been able to negotiate with my local portfolio lenders to agree to supply loans on properties that are outside of the geographic region.I would encourage you to talk to some local portfolio lenders (i.e. bank loan officers) in your area and explain your venture and bring your professional portfolio to show them how you have successfully operated those in the past.With the line of credit that you should be able to pull from your other properties and depending on the leverage you're looking to position, you may have a good case for a lender to work with you if you ask enough people.Good luck!

Venture capital burn rates are at a all time high with lofty valuations for these new start ups.

I like taking calculated risks, I've left six figure jobs twice to peruse my dreams, fortunately I have a wife that believes in me and that I will not harm our family in my ventures.   

It costs me $32.99/mo.I've used the service before for other businesses, and they will answer professionally (24/7), follow whatever script or screening questions you give them*, and either take a message and email it to you immediately (so you can call back) or they can call your cell, let you know they have a caller on the line, and transfer the call to your cell if you're able to take it -basically, whatever workflow or transfer protocol you give them, they will follow.