Everyone has the right to live in a safe, healthy, and affordable home.

If you are looking for more of a passive income stream, purchasing underlying performing mortgages is easier (not so hands on, albeit tougher to find good ones), and if purchased correctly, they produce better returns.

So Will let me ask you this.how do you think paying 997 dollars is going to magically produce a few deals that make 12 k each for you ?

My question is this: would this property produce enough income to pay for your financing and your partner's share?

What you are looking for will produce low income tenants and it doesn't matter how good of a team you have there, if the investment itself is poor the team can only do so much.  

The managers and top producers didn't care about the borrowers or the company... the managers just wanted to generate fees and the top producers the same.I looked at their loans and just knew a large percentage of those loans would go bad and they were bad for the lender and the borrower.

As a million $ producer back when the "dinosaurs roamed" (the eighties), I gave her an insider's view:  it's a "people & relationship" business where consistent hard work earns trust to be successful; we're both good with math and family budgets; and we could do this wisely by using BP and investors we've met at REI, who have encouraged and are willing to mentor us, if necessary. 

There is a reason the seller is selling a property that is producing positive cash flow.  

I have pretty strong credit, a decent amount of capital, and healthy income; are there other financing opportunities I’m overlooking?

It shouldn't be your job to manage that process, especially if the seller can't produce lease agreements.