My partners get back 50% of their initial investment.

Based on the initial project schedule I will be there full time during the week (Mon-Fri) for a year to a year and a half, and am looking into buying a small multifamily property to live in while I'm there.

Based on the initial project schedule I will be there full time during the week (Mon-Fri) for a year to a year and a half, and am looking into buying a small multifamily property to live in while I'm there.

On MLS as a forclosure, teh initial price was $240K , they asked for highest and best offer, I submitted $225K and teh countered $227.5KHow did you finance this deal?

This would put our initial investment at around 126K and a cap rate of 6.4%.

The downside is you would initially purchase in your name instead of an LLC to get the residential financing, but could quitclaim them to an LLC down the road. 

I will also always ask at the outset if they "want space," or initially apologize for hovering over their shoulder.

We can help more if we know more details.Hi Michael, I appreciate you taking the time to respond.By no means was my initial message meant to be 'coy'.

Since I am not handy and am limited on time, I hired a handyman service to take care of the project.It ended up costing quite a bit more than I initially thought.

My initial plan was to perform land development and subdivide into 1/2 acre tracts and owner finance them starting prices at 60k per lot plus a reasonable interest rate depending on how long of a term would best fit the buyers budget.