Most likely galvanized pipes. 

You can actually get an even better deal on the front end by getting things like closing costs and commissions covered by the seller and sometimes even under listing price. 

Lemos:  Interesting.. does not sound like a secured interest in the note.. kind of like how Peer st. had their partial interest done.

Quote from @Dan Hertler: I currently manage some of my out of state rentals, but would like to create my own property management business locally in New York (Long Island). 

They are inherently riskier loans so it takes a baseline level of trust, or legal protections, to ensure that the Gap lender in question is protected because being in subordinate position on title means that if it gets sold for less (via bankruptcy or any number of proceedings), you are more likely to lose your money.You also need to make sure that your primary mortgage holder on the deal is okay with there being a Gap funder.

would like to get personal message if somone have a recomndation on a PM in cuyahoga county, nime is making some problmes

I would like to connect with investors in the same asset class to validate some of my underwriting assumptions. 

Hi Robel-Thank you for sharing you have been experiencing self-doubt and its is making you feel like you will fail in your real estate investing.I appreciate your honesty and making yourself vulnerable with the question. 

The 45 days identification time sometimes presents a challenge and if you dont give yourself a little wiggle room you might end up buying something you dont necessarily want/like. 

You are likely right in line with market rent for the area.