This property is 10 minutes from the University of Riverside and 20 minutes from March Air Reserve Base.

This is by far the best strategy for a new investor to get in the game IMO.

Most institutional lenders are going to require 25% or more down on such a property, so that might be a struggle for you based on your post.

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I'm kicking myself because I was having some technical issues with the format when I tried to update the lease document in MS Word.

@Ryan Snelson, based on what you've written, I would add that you were not actually in a Joint Venture with this guy. 

Building a reliable team is key, and since I’ve been in the real estate game here in Florida for over 20 years with properties across Jacksonville and Tampa Bay, I’m happy to lend a hand or share insights whenever you need.

Although it is not a home run, it is a base hit, and I will take a base hit all day long How did you finance this deal?

Hello Brandon Sisco, finding the best lender for a 90% loan-to-value (LTV) mortgage based on bank statements can be challenging, as these loans are often geared towards self-employed borrowers who might not have traditional income documentation. 

@Michael KattouahOne of the few things that I've learned in college that has actually stuck with me is that life is an income statement game, not a balance sheet game.I'll pay you $100,000,000 for a $300,000 house if you let me pay you $1,000 a month for the next 8,334 years.