That was a well written post that deserves more exposure than it initially did.Frankly, you took the time and effort to put that masterpiece together and it's well worth it.I will definitely revisit it as my continuing education :-)

It is likely that even the initial transaction may be a disqualified party transaction if you have existing joint ventures with this individual.  

He immediately initiated foreclosure proceedings.  

Seller agreed in principal had his attorney review the P&S (same on @Justin Silverio  uses) and told him not to sign it.  2 objections the low initial deposit.. that's no big deal.  

On my most recent purchase (1.2M at 25% down for a 3-family) I'm taking in gross rents of $8600/mo (which is below market rate due to signing initial leases mid-winter) but still have a monthly net profit (after all expenses including capital reserves) of roughly $2k, so an 8% return. 

It seems like a bot that will respond to the initial email within 24 hours after emailing them back.

His initial asking price is $325k, equating to a cap rate of 17.85% [($84060*.69)/$325k].  

Hi Sean, Having observed a number of successful people I would suggest that you make two initial investments.

p=6876Acquiring assets before full foreclosure has been initiated is the focus of many wholesalers and flippers.

Congrats on showing the interest and initiative to post an intro on this site.