You are trying to get his general thoughts on his being open to it or more closed off based on bad experiences in the past.If he seems neutral to positive you could bring up you are thinking of bringing in a partner on a deal and start talking about the property and details.

You'll cash flow as long as you have a tenant in there, but the extra $100-200/month won't help if you have to replace a roof in the first year.

We have an initial package that we put together that contains the property details, comps, repair costs and then has a summary with purchase price, ARV, repair costs, shows holding time, holding costs, buy and sell fees etc.Every HML will have their own application that they want you to complete with their own format of PFS.  

Is the extra late fee worth the baby sitting? 

For other BPers - this thread provides more details on his situation than what's written above. :) 

Now there are obviously many other ways to find deals and if you want a more detailed approach feel free to PM me and I will give you a more specific ideas based on your more detailed picture of what you want to do. 

It is not the Association's or the management's responsibility to educate you about every detail - when people ask me, I tell them where to look and they can do their own reading. 

Hey @Fred Heller can you PM the details of the 21 seller finance multi family properties if they are still available. 

From the intricate details of your design to budget complications, getting it right requires effective communication.

Can you give more details or be more specific on what information your trying to find.