Assuming this is on the up-and-up, fire damage isn't the end of the world if you have a good contractor...and assuming the place hasn't sat in the elements for 2-years growing mold on drywall....still houses are sturdy and some of the things that scare people away can be fixed. 

In addition, I have no experience in the rehab world and couldn't put much sweat equity into a single family home.

In my portfolio lending world, we would have a hard time getting an investor through if they don't already own their primary residence. 

Hey everyone,I'm working my through a fairly familiar scenario, looking to jump into the brave world of multi-family REI without having the seemingly $100k+ in liquidity to start out with.One strategy I'm considering is seller financing, for it's ability to side step traditional financing requirements and hurdles.Does anyone have any experience with seller financing? 

Cool thing is the turnkey space is typically 1-4 unit properties. 1-4 unit properties are the easiest things in the world to finance.

Wanted to pass thru you guys to get your opinion on this.Details of Offering : 3% Acquisition fee (one time)1% Asset Management (Annual) Returns Split for Preferred return and disposition = 80%/20% (Investor/Sponsor)5 year hold periodIRR: 15%Average Annual return = 10% per annumAverage CoC return = 2.36is the acquistion fee and sale return split  usual in the syndication world ? 

In the contracting world, it's no surprise to be competing against others.

I am absorbing as much as I can from folks in your world so I can invest with the cash flow from my amazon business.

Welcome BP and the wonderful world of real estate investing. 

The world thinks a lot less of my probity than it does of yours.But your response does remind me greatly of the time I submitted a paper in a nursing class that pointed out the obvious fact that that Big Pharma has minimal direct financial incentives to direct their research budgets towards finding one-time cures and maximum direct financial incentives for putting money into finding ongoing treatments for chronic diseases.I got a D with a big circle around it and a denouncement by the nursing professor with the side job in Big Pharma for being so bold as to point out how math works.