its a 6 month project and at the end ill have more knowledge, capital, and a lump sum payout.

The thought of paying a high percentage for private funds makes me ill.

I bought what appeared 2 B distressed situations (a divorce, an illness & a job loss) so they all were under the market @ the time.Put no money down but now am out of money for supplementation (about 54k).All are newer properties (2001+) in a great neighborhood & not fixers.

Ill keep you posted on how things work out. 

Of those areas are of interest to you then let me know an ill keep an eye for you 

Thanks Chris ill make sure too keep that in mind

My guess the old owners don't walk lightly due to their illness and the new tenants are more active.

Susan's advise above is dangerous and ill considered.  

Why is what someone tells the IRS the full picture of what's going on with the seller, much less what ILL see as an owner. 

First off, I haven't even made my first deal so I'm no pro but Ill get there someday.