Four adults are buying this under a owner finance arrangement?

You do not want to be stuck in the analysis stage.

They loan to each other based on an "arrangement".

To be actually doing the renovating myself would not be possible at this stage since I am not on the ground and I am still in the early stages of learning the market.

(retail price for the area at the time, probably far more now thanks to a transit system being built.)I was like "You know, the entire place is spotless and staged and the toilet seats need to be replaced?..."

He has reduced the price quite a bit since then and is now nearing a level where it is still overpriced but somewhat realistic.We are in the market for a house and he suggested that we make a private deal after the listing arrangement ends.

Here is another option we use in one community:We are set up with a major area employer for payroll deduction so the money is electronically transferred to our designated account which we have special reporting requirements arranged with the depository.

I'm working on putting together a marketing campaign to see what kind of off-market deals I can find, but am still in the early stages of that.I realize GT and Winnie are decent for finding deals, but living where I do, Baytown is only a 30-40 minute drive in the opposite direction.

Will you continue to do the JV arrangement?

There is also the harsh reality that not everyone is entitled to a 1000 sqft home, so unfortunately they will have to make alternative living arrangements and/or lifestyle adjustments in order to cover the cost of living.