I give his company a few thousand dollars a month after 4 to 6 months,  he then takes  that money  and uses it to  get a line of credit they also pay 7% on my money I am paying them and then something also about a couple years down the road  they complete some sort of deal that frees up another 20% so in essence I'm getting 10% return on my money a year and I'm getting a huge line of credit that I can use to buy good  performing  real estate.

To eliminate the hassle & onerous task of dealing with the above, I'd like to partner up with an attorney or a paralegal who's:a. a property investor           and       b. has the legal expertise to take care of that part of the business, right up to closing the deal.3.

You can work on the assumption that you can continue to perform at the same level.  

How is it then the banks ever come to have non performing loans on their books ? 

If the seller doesn't sign one, the buyer may have to sue to get the seller to perform or to get the earnest money back.  

They need the properties to perform because of the mortgage.

Just curious how many of these homes with the elevated radon levels have basements, and is that where you perform the test?

I'm setting any property that performs higher than a 7% cap rate given my assumptions aside so I can further research the neighborhood.

While i have never personally managed a property i did work at a company handling property management like tasks for a 186 unit development project while he was building it and got a great crash course while i was there.The main reason that I would like to do commercial is because having a rather large goal of 1000 rental units by the time that I am 40 years old which would be in 12 years from now. 

Funny thing is the FD will burn it for free and requires a shovel, not a task-force.