There is definitely potential to get it lower but it seems like it is going to have to be way lower after considering the expenses that are going to come with it.The entire property has potential to bring in $3,000 worth of rental income if my rent comps are correct.

It's still worth noting as well that just because you're friends with someone doesn't mean you should skip out on any contracts or paperwork either to keep everyone happy and protected 

Sounds like a typical paying tenant.

In most cases these are not issues that can be easily resolved and typically the damage can merely be mitigated.

I'm shooting for a 30 year fix loan w/ low interest rate.My questions are as follows:1)  What is a typical interest rate that one could expect on a blanket loan similar to this one?

First, I am not an attorney and don't play one on television.A verbal agreement isn't worth the paper its not written on.

Carini, Here's my dilemma with this situation: the agent I just started working with is my go-to for which properties are worth pursuing, however they prefer I go with a new build and the builder they prefer.

Breckenridge / Keystone / etc. you typically have to put down at least 50% to break even

Typically, other turnkey providers have their list of preferred companies but Martel turnkey sends out the email intro for you - which was one less thing off my plate as an investor.Before I got in contact with Antoine there was a property I wanted to buy on his website but it had been listed as “sold” on the day I was scheduled to speak with him.

When you buy a property at 20% DP, your cash (DP) buys you a property value worth 5 times your cost (cash = DP).