Great job on jumping out there and getting involved.

But more if we could leave the financing in place and there is just down payment involved.

I was a Realtor in FL about 10 years ago but only got involved to start investing.

I've flipped some houses in years past, but I'm very involved with running a private school currently and not interested in rehab.

What type of real estate is your broker involved in?

Anyway, in getting the family involved or aware, make sure you don't make it appear that you need the family's approval for the deal, that will insult the owner as not being in charge of his own affairs.Best approach is to ask about family, what the kids do now, just be friendly and ask what they think of him selling the place.

When people think its that easy and they enter this business and realize there is some work involved in due diligence before you buy and by then its too late.

I can tell you it is much more involved than you may think.

Make a reasonable agreement and belly up to the bar or don't get involved in the first place. :)

You need a solid plan that everyone sticks to and make sure you know your partners well if they are going to be involved in the deal and not just silent investors.