So check your townships rent control guidelines because if he goes to court and wins your still going to be stuck with him and it will be for nothing.

Unfortunately, with my current line of work and needing to win over my wife on that one (that'll take a while...she's a Bay Area native :) ), that may not be an immediate option.

The best way to win in CRE is to leverage the six degrees of Kevin Bacon.Consider partnering with a track record sponsor in the process to hyper accelerate your objectives as well.

That's an area where you could use $1000 per month to put ads in their local papers or websites, or sponsor some local events where you have a booth and a huge banner and give out flyers.I'm talking small town guerilla marketing - get out there in the areas you want to win and find way to touch THOUSANDS of people in those target areas repeatedly.

Position yourself in the negotiation as investor creating a win-win, not as someone desperate to take any loan offered.

I've learned that about 60% of landlords/investors who don't need me today will end up calling over the next 3 years to take over so helping is a win win for all of us.     

You probably ran both of them away with your absurd demands.But for future reference, employed is always better because if they default and you have to go to court, you can eventually garnish their paycheck, provided you win a judgement.

The long term (10 years +) splits for each of us should be in the 8-15% range, a win-win if you ask me :-)Dan Dietz

Originally posted by @Wesley W.:In

I landed a great deal that is closing later this year with this strategy.Strategy two is owner occupant investments, with a win being defined by living for free.