When you apply for conventional financing on the next property, one of the questions you will be asked is, "Are there any debt obligations that you are responsible for that are not disclosed in this application?"

We're both on board with the idea now - my question is around how to make the purchase and structure the agreement...we both want to go in 50/50 towards a conventional loan and then have it managed by a property manager. 

But I think you answered my question"Highly safe" and 20%+ returns are usually not going together.

@Kyler BrunoWhile this seems interesting there are a few key questions I have 1.

Or,  it also works out well to give them money to move on if you want them to exit.As far as the basic question goes though, I just went to them and said,  “Hi, we bought your property in the foreclosure auction and you have a few choices….

Please feel free to reach out with any questions.

We had investors questioning whether or not it was smart to invest in an area with such high crime. 

There is no question though the wholesale guru's and industry has brought this to the attention of many state folks and these laws are sweeping the country..

Oh I just discovered another thread that asked the same question.

Happy to answer any other questions if you'd like to connect.