But, I'm curious as to which address this is?

Doing a syndication is expensive for the first round, that's why it's nice to have a few people you trust to form the LLC with you, and you can try out the process of raising money and meeting investor demands.If you don't have that kind of time, then I recommend investing in someone else's project.

@ bill, I'm thinking it's an REO as the county website has the bank address listed as address of owner and, BOKF as owner.  

May of my clients have used IRA Services Trust Company and the are located in northern California. 

She also sometimes pays in partial payments which I've addressed several times.  

@Ian Ray Not sure if you plan to hold all 3 but it depends on the deal structure and that we can see the numbers on a BiggerPockets calculator for example.So what would help us all here in analyzing this deal without disclosing the address is to provide the following to the Potential Partner.Number of units?

Find someone you know well and trust.

Seller authorizes the Title Company to deliver the Commitment and Exception Documents to Buyerat Buyer's address shown in Paragraph 21.

We are borrowing 250k over 3 monthsWe just received their estimated settlement statement which seems to carry a significant amount of junk fees:Amount requested                                   250,000.00type                                                             2nd trust deedterms:                                                         no pre payment penalties after 3 monthsrate                                                             10%Points 1,75                                                4,375.00lender Underwriting                                795.00lender Admin                                            700.00lawyer fee                                                   1,000.00Escrow Fees                                                450.00title co Property Inspection Fee              75.00Notary Fee                                                  175.00Electronic Recording Fees to title co       20.00Lender Refinance Policy to Title co         1,032.00Endorsement - estimate to Title co         125.00Recording Fees to Title co                         75.00Deed of Trust Recording to title co         150.00total junk fees                                             $4597It is the first time we use a hard money lender, but to me 50% of these fees are avoidable and should be negociatedCould you guys give me your opinion about these terms and what are the fees you'd pay and wouldn't?

I trust that you'll find tremendous tax saving opportunities simply by hanging around the BP forums, and even more so by engaging a real estate savvy CPA.