You have to tell the seller UNLESS I can perform very detailed due diligence on this property and see ALL units I have to plan for the worst and you will lose equity for what I can pay because I can't validate things.The better records and validation the better my offer can be.

My guess is you and your investors will lose every dollar you put into the deal unless you are hotel experts.

I'm guessing that you'll lose money on this in the long run.To figure your cash flow you have to take into consideration all of the expenses of maintaining a house.

You never know how the sheets will be split between parting partners.Avoid potential issues, hold all major players responsible, enforce terms jointly and severally, take the position to collect amounts due from the most economical path in a timely manner.It's prudent lending practice, failing to do so is poor management identified by regulators for insured institutional lenders if major players are not held responsible.

This would enable you to get into the property and not lose the deal.

It's great because I don't lose rent and don't have to deal with switching utilities.If you have a good relationship with your current renter, it really helps with the showings and transition.

It is important that your wife is happy, but if you are unable to build up a reserve fund, what happens if you need to replace your roof, AC, repair your car, or even worse you lose your job?

I am a team player, who strongly believe that 'teamwork will make the dream work.'

Is this title company a big player in Milwaukee or a small fry?

If I ever lose my job, I still have funds coming in from my investing.