When the income is derived simply from buying and selling, especially if there is value added through the process, then that typically will be viewed as conducting a trade or business, and if done on a regular or repeated basis, would have UBIT exposure.So it is not the notes, but the buy, remedy, resell model that create the exposure.

I would simply caution to make sure you have some sort of legal partnership spelled out (LLC, LLP, etc).

I'm simply looking at overseas options.

Once you get it under contract, you can see more if you have an inspection clause.So asking for tenant information, leases, non-payment history prior to an offer is simply not a possibility at least in my experience.

i think the biggest lesson is to never quit, when times are tough and nothing is happening re-group and find out where your going wrong, its like in think and grow rich, a man bought all this gold mining equipment and moved to Cali and he dug for what seemed like forever with out hitting the gold vain, so he sold his stuff to a local junk man for pennies on the dollar and the junk man hired a survey guy and he said dig 3 feet from where the man stopped digging and when the junk man did that he hit the biggest gold vain in history, so any new wholesaler out there reading this, never give up cause you could have stopped 3 feet from gold, NEVER GIVE UP punch through those obstacles and win.

If it is simply bad management you can fix that.

If you cannot find a nearby small multis to compare to, look farther away but in similar neighborhoods.Another option is simply have investors go take a look and say what can you offer me for it?

Obviously there is risk here and you would have to discuss it with the tenant first, but this seems like a win-win situation if it is legal.

Being as they are my parents they would more than likely simply loan (no interest)/give me the money, but I want to approach it from a business standpoint A) to show them they would get better returns than just sitting in the bank and could be great supplemental income for retirement years and B) I'm not looking for a handout but truly trying to learn how to structure deals for private money in the future.That being said those of you who have partnered/joint venture would you be so kind as to share some of your different agreements?

I don't know why we didn't discuss the exact amount to pay off the debt.If the original private loan is secured than refinancing that loan away is simply a Rate & Term Refinance, not a cash out.