Wouldn't you rather put that $ to work in a non-risk, non managerial vehicle such as a CD for a similar return?

In markets like Manhattan and Brooklyn for example, this does not work nor does it work in any of the (non-declining) major cities I canvas.Thanks for your reply…as I am getting more firm in my decision to walk away.

There would be a non-refundable option fee.

This will be non refundable.Make sure that your buyer is okay with the sells price of the property.

Perhaps in this case previous landlord responses (apartment building references are the best and non bias!)

I have a rental property that I paid cash for. Now that the rehab is done and I have a tenant, I'm looking to finance it. I've been talking to an affiliate of Wells-Fargo. The good faith she sent me shows $0 originati...

I have experience in buying non-performing mortgages but not in the wholesale business.I would love to hear how this all works as I am trying to get into this area.Thanks so much!

Which notice she should have given me for my approval prior to her brother and his wife moved in instead of just verbally informed me after they’d already moved in.MikeOH: Thanks for the positive input; evicting sick tenants.

Banks will look at all credit scores that are involved but your business plan, ability to purchase good deals with low LTV ratio's and the fact that the other members have stellar credit will all be looked at and also taken into consideration.The idea of having a few "senior partners" with more share in the company can be done, so long as the other "non senior partner" agrees with the terms.Which ever way you choose to go, you MUST have an iron clad operating agreement written up by a competant attorney.

These are three big ones that I put in the lease and emphasize verbally when signing a lease.