Do intricate research and invest your time in getting to know them beyond just knowing that they are people who need a place to live and on the surface seem to be able to pay. 2.

For your first one, you should go on your own, build a small portfolio for yourself first this way you get the learning experience and when you're ready to syndicate some deals, partners will take yous seriously because you have skin in the game.

They have more skin in the game then you do.Make sure you get clear title.

Hard surfaces will always be louder than carpet.

Only having 3% skin is already over leveraging.

The seller only agreed to pay for rewiring with surface mount wiring.

Lots of moving pieces to where it could work with some changes, but on the surface, the initial weak offer sucks in my opinion.   

I don't like lease options much because the buyers rarely make good on the deal, at least in my experience, so I feel like them having more skin in the game and buying on owner finance works better, at least for me.  

In short, you come up with a good down payment to show the bank you have 'skin in the game', the bank determines if the deal is something you will make money on and pay them. 

On the surface it sounds great, but we're thinking about passing on it and I want to make sure I'm not crazy.