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

They bring most of the financing and you bring the boots on the ground local area knowledge and the management of the property and some capital so that you have skin in the game.

As we jump in the game, we’re thinking that finding someone based on a referral is a better option than winging it.

I'm not as familiar with Beckley, but in Huntington, Charleston, and Eastern KY the house is just as likely to lose 2% as it is to gain 2% so I don't even factor it in. Is

They passed and we are still in the waiting game. 

MF (depending on size) is a different game altogether.  

So not sure your $25,000 includes that.My quick look at your numbers make me think your all in is $105,000, but can you refinance 100% of that....or is that your base and you finance 80% or whatever your loan allows.

He has now mentioned that he wants to get back into the real estate game, and buy more properties later this year, which he agreed to have me come along to witness first hand how the whole process takes place.

Of course, I missed this email and didn't see in until late that Friday night.Once I did log in, I eSigned both the Credit Authorization and POA forms and filled out some other basic personal info. 

I  have a similar game plan and situation as you.