A misdemeanor is a small offense and in ND they take serious drug offenses up to the felony level REEEAL quick.  

It looks like you're already in Birmingham, so a quick drive around the neighborhood shouldn't be an issue and can save you a lot of headache in the end.If the Calera property adds up without relying on appreciation, and you have already done due diligence on what the rehab consisted of, who's selling it and what their performance metrics are like (tenant turnover, maintenance rate, occupancy etc) then that is the best of your two current options.

Trouble makers out quick and the others love it..

When I was 13 I started my own landscaping company in NJ (Divine Landscaping) and just recently started a video production company (Non Stop Productions).Through the 4 years I have been in Raleigh, NC I have seen an enormous change in real estate and I am tired of sitting back and watching other investors get rich quick. 

You could lose control of expenses very quickly if you don't know where each dollar is supposed to go from the beginning.The lump sum he provided sounds more like an estimate and not an actual bid.

Have been on BP for some months and my participation has been underwhelming. Doing my best to change that going forward and check out PRO posts daily and respond where I can be helpful.Not soliciting anything. Just wa...

It seems like a quick, brokered deal to me. 

Afterwards (buy them a coffee or quick lunch) write down everything you discussed so you don't ask them the same questions which they'd consider an insult.Do it!

well assuming it meets the QM rules for owner occ.. etc.the scenario you presented is not a very attractive note unless the discount was HUGEPV is what investor look at.... what rate of return they want and in notes its usually 8 to 12% APR but with 100% leverage most investors will only pay on face value about 60 to 70% LTV ... so right off the top you would be taking a substantial hair cut.No secret what your trying to do.. but I surmise you will very quickly realize its not realistic .. the discount would be such that it makes it a no go.If your thinking someone will lock up their money for 10 years at 5% well thats not going to happen especially at 100% LTV... 

There's nothing worse then discovering an opportunity to earn six figures on a quick flip (yes, although rare they do exist) and for lack of knowledge having to pass it on to someone else for a lousy $3k referral fee.4.