They will want you to collect all of the note documentation such as the deed, credit application, bureau report, proof of insurance, payment history, etc.

If you are looking for rental units you may be required to provide 2 years rental history before a bank will touch it.

On the flip side, I as the non-money partner again bring my history of experience, my team, my ability to find the deal, etc and thus, IF the money partner has zero experience, perhaps yet again in this cenario I may warrant greater than 50% for my end.

A CPA firmOkay.Assuming that the "neighborhood" has the demographics to support all of these potential uses equally:I would look at their sales history for the last three years to determine whether sales are flat, escalating, or declining.

Good point Account ClosedA bank needs to consider the big picture with profitable customers.If the release can be prudently justified considering credit history, ability to pay, profitability of the borrower, good management, secured position with sufficient collateral a bank may release a guarantor as the bank may well have loan concentration issues with any one borrower, that's usually getting beyond the small investor league.

This just reminds me of the Tulip Mania story that is history we all understand and can apply to any market place.

The property appraiser office will give you the owner name, along with sales history, legal desc. etc, when searching by address.

I also have a contracting history in the auto industry now but in a completely different field, Robotics.

But you'll need to still learn a lot and work really hard.We are very blessed to have been existing in this particular period in human history, The Information Age.

If you get really high rates the existing insurance with current owner might let you just pick up the existing policy because they have a history with the property already.Make sure when looking at profit numbers that the insurance is in line with quotes you are getting.