For the past 6 years in Denver it just didn't make sense from an ROI stand point to add sq footage.

@Lou Veiga ,You would want to either form a partnership between your entity(or yourself) and the other parties.

Instead of looking for a mentor, you should be looking for more knowledge and a way to make yourself stand out.

This should also cover the exit strategy.One way to address that last part is to have in the agreement that if one partner wants to buy out the other partner, the buying partner must make an offer to the seller AND must be willing to accept that offer if the other partner reverses the deal.Example: Steve, you and I partner up and 5 years later I want to buy you out.

Mostly these are low or nothing down deals with owner carry back financing, any third party lender will demand title insurance and closing by a title or escrow office.As a practical matter, there are title companies that will do back to back deals, so that you would need no cash to close your middle position.

Check the licensing laws to see where you would stand.

It's best when the agreement is signed by both parties (buyer & seller).

IMO, Ron LeGrand was the worst part - I just get a sleazy vibe from him.

This presupposes the loan will sell for a discount and the discount will be suitable for two different parties to get involved and make some type of profit.

@Jacob Elbe "So if you and the seller come to an agreed price it doesn't matter what market value is.sorry I couldn't be more help"In a situation where unrelated parties are involved, you would be correct, FMV might not be the primary factor.