When i questioned him on the price change without even so much as speaking with me he became defensive and stated that he was already much lower than the agreed upon 75k originally.i responded that i would never have agreed to the higher purchase price originally had he not been financing the place in the first place.

We like to be able to go in and add real value to our deals to the extent that we can achieve an equity multiple of 1.75 to 2 for our investors.Lots of other details that we look for before investing in a detail but generally speaking that is what a goos deal looks like for me and my company.

One book I just read was entitled something like "How to Buy and Sell apartment buildings and it good stories about buying and selling middle-sized apartment buildings (around 100 units) and Partnerships.The Partnership he liked then was called "Tenants in Common'  where you could still control the investment and how you could keep control of a property and have a part of it with 1% and have separate agreements with each partner's participation. 

Seems to me he's just speaking from a long term stand point and says this all so I do it when I'm actually established.

I could HI Kevin,This transition that you're asking about above is extremely important to transition smoothly and plan for because it will ensure your subsequent VA use for additonal purchases.Once the current property is refinanced with a non VA loan this will free up your entitlement for additional use.The max conv limit in Ventura county Ca is 672,750 and the max loan limits for a high balance loan can go up to 95%.So what this means is theoretically you could refinance up to 672,750 loan amount with an appraisal as low as 708,158 dollars or higher before your loan is subject to jumbo/non conventional guidelines (much tougher to qualify for and has lower LTV's).The VA loan has some key features that other loans dont have:- a trade off of no monthly PMI but the upfront PMI is huge, equivalent to 2.15 - 3.30 Points (borderline hard money points).

It only entitles you to two things:1) if someone redeems the Certificate, pays you off, you get the Cost of the original certificate plus accrued interest at whatever the bid the rate down to.....rarely above 5%.2) If no one else redeeems, and you want to get your money back as the certificate holder, once the certificate is 2 years old, you can apply to send the property to s public tax deed auction.

Keep in mind the new ADU laws could make a SFR a duplex future sort of speak.

Kim of the United States District Court for the Northern District of Illinois has entered an order establishing July 1, 2019 as the deadline by which all proofs of claim by any individual or entity who purports to be owed money by, or otherwise entitled to relief against, EquityBuild, Inc., EquityBuild Finance, LLC, or any of their affiliates, or the affiliate entities of Jerome Cohen and Shaun Cohen.

Me and you need to connect man, you seem to speak my language Lol!

Found a property and whom I assumed was owner but after speaking with him.