I believe its meant to work out a 20% profit in the end.

and I have been trying to work out details to accomplish this.

So, you need to spill the beans on what loan terms you're looking at.Another option might be to partner with another investor in getting your current home rehabbed and work out a repurchase, sell it, rent and manage it, buy it back type arrangement......if you really can't swing getting it done on your own.Sounds like you want that house as a rental, it might not be the best option now.

There are certain credit cards you can get that may offer 0% interest for a year or something similar that may work out for you.

I want to have one name to be responsible for the entire rent and they work out the rest themselves.

If you know the sale price of a building, and you know the NOI of that building at the time of sale, then you can work the numbers backwards to work out the CAP.

I am going to talk with my attorney on Wednesday to work out some paperwork, but I want to have some different options to discuss.

Michael,The numbers you have put on the post seem to work out.

Did just the online courses and PDF work out pretty good for you?

My instinct is to want to work out a clear business arrangement with him (NOT just treat this as some sort of hazy friend arrangement - I agree that would be a terrible idea), because he's someone we already know and trust.