BP is here to try and help you become one of those sophisticated players in the marketplace.  

It was a win win deal.  

You need to walk in at the first meeting and if you are not an obvious player you will need POF that is real not from some service or wanna be HML ..

Generally, the longer amortization will win, until cash flow becomes less crucial for an investor.

See if there is a win/win somewhere in the mix.  

We're still going to move forward with the deal but we have no issues walking away if the numbers do not work in our favor.We're trying to make this a win/win situation.

I do a JV with the OwnersI buy sub2, fix it, resell it with the agent, on the jv agreement I tell the sellers-heirs I will pass some of profit to them.Everybody wins.

@Michael Mazzella happy to hear about your success, but for us newer players, this island is priced out of our range.

@Stephen Moore how much cash would you start w/ in this hypothetical situation?

Although oil companies are still obviously a huge player in Oklahoma, it doesn't seem like the economy relies on them as heavily as they did in the 1980's...which is why the Oklahoma economy was devastated when the price of oil went below $10/gallon. ($22 in today's money).Since then, the state has done a great job of attracting different business segments and industries in order to avoid repeating history.