Do not buy in an area where you'd struggle to sell within a comfortable %age of your bid. 

NEVER pay for those programs, they are mostly scams to make the people who offer them money and they will try to sell you another program.Real estate is unlikely to make you a lot of money quickly.

Make sure you get a "Release Fee" on each property; this is an amount that is to be paid to release a property as collateral in the event you need to sell, or if you have an insurance loss that insurance proceeds will be applied to the subject property and not to the whole loan keeping you stuck with an encumbered damaged property, remember they don't make construction loans as a second and the blanket loan won't subordinate (usually) to another lender, it could get messy, so have a release fee stated and understand how payments will be applied.A line of credit is not a blanket mortgage but a line of credit can use other collateral, different animal and it may or may not fit you needs.

They are selling out. 

A single family will be easier to sell and exit because of a larger buyer pool. 

Good morning all,I have a problem I own a coop today I will list for sale asking for 380K right across the hall my neighbor is selling a coop I am interested in for 545K real estate person told me I need 10% which is 55K I don't have it unless I sell coop first!

Instead, he used our one-hour sessions to review and repeat the exact same useless generic information contained within the online modules and to sell us on buying his whole life insurance policy he sold on the side.

The Palms saw prices sky rocket when people found out they had the potential to make $50k - $70k and they were selling for $170k- $300k.

So now the builder is selling at 314K, which is certainly on the higher end.

What are other questions we should discuss in advance.any advise, any sample document.Thanks look at 10 joint venture deals before you do one. talk to others in other markets. if he isn't smart enough to negotiate capital or JV deals or structured finance I wouldn't touch him. every cost should be fully transparent with their margin. similar structures with investors in columbus we are the general and everything is negotiable. he should also be qualified talk to a bank first. we take title in a single purpose entity we are the LP less than 20% and the qualifier and the main investor puts the cash and gets the loan, I'm also licensed and normally sell to out of state investors.