.- Speaking with other investors about potential partnerships... but nothing has panned out with this yet.Our short term goals:- To find a property to flip- To come up with a pipeline of dealsOur long term goals:- To BRRRR multifamily properties- To flip houses for the capital to BRRRR multifamily properties- Constantly have a pipeline of deals- To partner with good people who want to create value for all parties involved Action Steps I'm taking to achieve my goals- I'll be attending my first local investors meeting the first week in September!

What was your first, second, and third steps...?

I've combed the area, but seems like I may have been late to the party as a good portion of the homes seem to be renovated. 

The first floor consists of 2 restaurants and the second and third floor is basically a 5 plex of apartments. 

Upon a sale, the amounts received from this deal would eat into the exclusion.9) The appreciation rights of the investor and the note could be sold off to other investors if either party got impatient.10) A maximum LTV on mortgages on the property in the range of 60% could be established to reduce the likelihood that the seller gets behind and does a short sale that wipes out the investor.11) If this arrangement might cause a problem for the homeowner when refinancing or taking out a HELOC, the investor could agree that the investor's interest is subordinated.Benefits: The homeowner's net worth is less concentrated in Silicon Valley single family home performance, and the investor gets a leveraged return on an asset that has potential to appreciate at faster than the rate of inflation.

I would like to make sure this gets done well so the interests of all parties are met. 

They don't have a one-off policy that says it's close enough.If the mortgage is more than the value of the home, your deal is subject to third party approval, which means it doesn't have any value.Two things:one, when you're sending in a blind offer off-market, they have no real idea about the condition of the property or the value of the property.

We have very few regulations regarding this process in our small town besides a party wall agreement and co insurance, but we have also done this in a larger city where they required a POA and some other legal legwork for the duplex so that if needed the units could be sold individually.  

Usually, all this happens before the County taxes are due, in which case the County will send you a revised tax bill with the reduced amount.I know this can be a bit overwhelming/confusing your first time, but it's really a pretty simple process once you learn the ropes.The hard part is convincing the Assessor that your value should be lowered!

Abel, if you've identified the deal, you've already done the hardest part!  I