We went through and I played middleman saying that the Condos did not cash flow an my lender would not allow me to get a loan with that high of a LTV.

I could see where this might very well come into play with colleges. 

I can see where conflict of interest come in play when working with sellers, but what concerns do you have from the buy side? 

John it doesn't change the equation. like i said it still doesn't change the fact that you have 180K of dead equity in your primary resident. it's great that you got it for half the price, but you have value in the house that is just sitting there and you can't utilize until you either sell the house or refinance it. 

It'll be interesting to see how this plays out on an 18 unit.

Hi Denver (metro area) folks!My friend (who lives in the area now) and I are considering buying a very basic, 1 or 2br1bath condo that we hope to maximize rental income through 30+  days medium-term rentals- since I l...

I haven't researched much on how this will play from a taxation standpoint.

well, BRRRR is usually a rental cash flow play... but if it is pretty much a wash monthly... then it works I guess for appreciation too... just a lot of risk for vacancy at that price point...  

This is a long term play. 

And, during one of my many questioning sessions he stopped me and asked if I might be able to pull a deal together.After getting a base understanding of the situation, I informed him that to make this deal work, I would need the seller to carry the down payment and/or consider playing in the potential profits after the fix & flip.