@Harry Williams That structure isn't uncommon in other niches of investing, mainly the PE space, and there it is called mezzanine debt.

@Freddie Williams if you have 80K of equity available to you have you thought about refinancing taking the equity out or do a HELOC?

Keller Williams, Windermere, Coldwell Banker, etc) in order to represent clients. 

If you are interested in Commercial Development, one book that I really enjoy is not much of a "teaching" book but gives a good idea of how developers think is "The Real Estate Game" by William Poorvu. 

@ William Barnard Guru pitch the ability to go after wholesales for leads they can't convert, because of lack of equity.

@William Tong - It was for an event last night!  

Hey @William Cody Silbernagel, welcome to BiggerPockets!

@William Lawrence That's Awesome!

@William Tidd  In syndications and the publicly traded SS reits, I usually see the management fee being 4-6% of gross rents (though the REITs also have monthly minimums as well, I believe). 

Purchase price: $145,000 Cash invested: $45,000 Property was in material disrepair and utilized William Orozco / New View Realty to manage repairs to HVAC, electric, kitchen, etc.