Delta has good ones, but you need good water. 

@Cody Gray  so what specifically do you want a closing attorney to do.is it use buyer C s fund to pay Seller a  and you as B make the delta.. all in one transaction thereby you bring no cash in ?

They end up missing big picture things that are more detrimental to the plan than a delta of 2-3% because this or that line item is moved around.

You will have to mange showings a little differently (an open house style will be better than individual showings, so you don't disturb the tenants much)  Your target market will be investors verse home buyers.And as a result you will lead your marketing efforts with Cap Rate and less of a focus on Delta between Purchase and ARV.We use a term "Turnkey Rental" when marketing something like this. 

You need to be able to develop the project and generate a delta after stabilization of at least 25-30%.

You don’t want to buy on proforma but you do need to understand the potential and the delta to get there.If the property is stabilized and there is little to not potential to improve the NOI then it’s a Bond play.

I got the delta on the exchange and rev CA did not withhold my proceeds from my payoffs.. :)  unlike when I sold real estate that I owned they kept 25% until I filed a tax return.sure wish I still owned the things I bought in Kelowna though boy it blew up !!! 

An investor may at away if you have to raise additional capital up front just to cover the delta between the investor pref and annual CoC return.

Another Denver based inspector  working for a national franchise inspection firm damaged my brand new Delta toilet and flooded the bathroom in order to have something to write about.

The rewards can be transferred dollar to dollar (one point = one mile) on Delta, my preferred airline.