Recent events have pressed more of a NEED than a WANT- looking to get my brother-in-law into a flip or BRRRR-type property for a few reasons: 1) Get a young single father an alternative living arrangement to current situation 2) Allow him to pay down debt 3) Get him interested in real estate investing for lifelong financial benefit.

For this 1st transaction, you'll learn home shopping, financing options, budgeting, home improvement, ongoing home maintenance and financial budgeting.

Bond(promise) for title(ownership) is an agreemnt for you to become owner in future if you meet your obligations(make payment, keep taxes paid, insurance covered, etc)You don't need permission from you lender/seller to dispose of property.

@Leo Kwok Good to hear the story and would like to know the financial side of your project, do you pay the purchase and fix all cash or other funding method?

In addition to the financials, you also need local area occpancy rates, local CAP rates, etc.Are they giving you any information (e.g.

We are trying to structure the deal financially based on each members contributions. 

Once your net monthly rental income is 2.5x the sum total of your personal housing expense (PITI) plus all monthly consumer debt obligations, your DTI will work out without any income other than rental income.

While Arena calls his critics retrograde and implies racism (many of whom probably are), I personally find it understandable on a financial/psychological level that empathy diminishes when an event like that stands to decrease the value of the biggest investment (a home) you're likely to make in your life. 

I’m a married father of three (all under 5 yrs) with a good job and a spouse who likes the idea of financial freedom but is risk averse when it comes to investing.  

So, with that being said, by 32 I'm looking to create enough cash flow through buy and hold (SFH & Multi) and potentially house hacking to be financially free (not retired).