A friend of mine is an FBI Agent, his take (and we disagree at times as we get deeper) is that a mortgage made by ajn individual to a company is the same thing as a bond, well, it is, and that soliciting individuals to buy your "bonds" is selling an unregistered security.

This information would help to do a quick evaluation and let you know if its worth going deeper into. 1.

Ok next property I’m looking at and delving down into the numbers.

Seller almost definitely has the prop. paid off.Agree on the cap rate, I'd really like the prop to be at $990K, and may have to dig deeper on the negotiations.

You need to start drilling down a little deeper into what can and has happened when someone does some predatory, uncommon, unusual, convoluted transaction that they got someone involved in. :)

Alternatively a law degree.Also, like others have said, you won't need the degree for r.e. since the license is worth more over time to the regulators (c.e. is required for that profession).I, too, am thinking about delving back into the r.e. licensing side in order to purchase and because generally I like it.

The only thing I would have changed (from a Realtor perspective) is upgrade the master tub to a deeper one, which don't cost much more money and looks more luxurious.By the way, I'd like to know more about the restucco process that is as cheap as painting.

Again you need to know you can qualify for any obligation made in the future as well as the ability to repay the debt.There could be other issues, but generally that's about it......due diligence much deeper as the lender, not so much as a buyer/borrower.

Did he delve deeper into his insurance reasons.

I know that investors in the DFW area are willing to pay 70% to 72% of ARV minus the cost of repairs (depending on the area) and therefore I must buy deeper than that.