Also, in this case, seller is offering significant subsidies for a period of 2 years which would cover all HOA fees, property mgmt fees, plus a rent subsidy.

Newbie here and suspicious of a "great offer"Hippoze is the primary LLC formed for the purpose of purchasing, managing and selling real estate.Smaller feeder LLCs managed by GM's will have their own LLC under the mother ship HBI.Smaller LLC's run by a GM offer this "opportunity" to friends and family.Hippoze LLC would be the title owners.They are "Hoping" to refinance in 1-3 years but an investment period of 10 years is desired, It is up to the discretion of the GM what to do with the returned moneys, 1) reinvest with HBI 2) reinvest with another NON HBI investment 3) return to the individual investors.Depreciation and profit will be passed down to the LLC and investors through K1s.This is the small of it, our investment would be around $10K and each LLC will be $50K to 250K, supposedly the GM for our LLC has a substantial investment ready to go.

This would still require one to place the capital in service over a period of time though and gathering enough units to cash flow north of $1M would take a lot of effort.I agree with others that have stated this would be much easier to do with commercial product purchased selectively.A mix of flips and rentals would drastically improve the yield, but it would also increase the human capital contribution via your time.

Also how do you handle this if a wholesaler is marketing the property, and there is a non-refundable deposit and no inspection period?

FYI the City answered some questions that I had…Is there a redemption period after the sale in which the owners can still satisfy their defaults?

You would have to get this deal at a significant discount because depending on the market conditions you could be faced with a very long holding period without cashflow.Let me know if this is helpful?

depends what you are actually looking for. if your just going for cheapest period, detroit take the cake., as well as a few other places in the NW, ohio, some areas of new york, you can buy decent houses for $15k.

Do I need a real estate attorney to draw this up--we are all working quickly and efficiently together so I'd prefer to keep it simple, but don't want to overlook anything.

I may have some minor rehabbing cost at the end of the renal period, along with the mortgage closing costs.

i got a credit card that offer me bet 10-25k loan (unsecure personal loan ) at 7% interest rate to pay back for a period bet 4 to 6 years.