If the investor has a six figure income he may also be ineligible for taking a residential rental loss against his AGI, regardless if it is through direct ownership or through a pass through entity.

There are a lot of banks out there selling crap loans and conditions passing them off to potential customers as (great deals).

Just curious, i didn't know if i was passing up deals daily or if they have know use for my type of service.

Point being, you're right to make sure the numbers pass the smell test.  

The 3 main problems with not having it 'under contract' with the seller arise when 1) You do  a bunch of work only to have someone else buy the property and you get zilch 2) You do a bunch of work and the 'investor' buys it and gives you nothing.  3) You do a bunch of work and the investor passes or can't buy it after all.  

I live in Ohio, so I did some research and talked to a friend that said I must go to classes and then pass testing.

The host and co host are awesome and quite entertaining.

In summary if you look around and nobody is selling them or the sales prices are significantly less than what I'm paying I pass on the building.

. ***** said in the email: I am a partner of ***** and ***** passed the contract for ***** on to me.I don't know if that matters, but I wanted to mention it.Due diligence ends on 10/22/15 at 11:30 a.m.

I'd pass. :)