A 10x Napping preservation stage investor would never bother with the skinny delta of borrowing from Peter to lend to Paul. 

you should make offers often, use your own contract of sale, I use a one page contract I call the "Skinny", it is easy to read and to be understood by sellers and it has all I need to make a great deal (disclosures, automatic extensions, delayed settlement clauses, and assignment and out clauses if you are not sure of the condition, always put in an inspection clause in your offers - you can always do what we call "second-stage negotiations, this is where you adjust your offer lower based on inspection report. 

You can refuse to show it to smokers, cat owners, people with facial tattoos, people taller than 5'3" and even people that are too skinny or fat.Fair Housing  and local laws have protected classes.

That came on the 2nd to last video in the bonus videos, If I recall correctly.Anyway, Joint venturing, probates -- may be missing but there are weeks with of content.I was brought on as a birddog with a local RE investment group, bought Cody's Fast Track, had already received great coaching from Steph Davis who suggested Patrick Riddle and JP Morgan's Course IPOD, which I purchased for $97 all around the same time and just after I and then gf had to move out of our friends' home.

  $25k is a pretty skinny budget espeically if you are new to this and plan for a new kitchen, new bathroom, etc. 

The skinny of it, IMO, is that appraisers, the same ones that played a massive part in creating the mortgage mess, have walked away from the ruins of it, with even more power and less accountability than ever before.

That said, $200 without accounting for cap ex, vacancy, and I assume maintenance sounds to me like a next zero cash flow basically.If a 1.5% increase in rates brings you down to $0 cashflow, that sounds like a skinny deal to begin with.

When you find a distressed landlord who is sick of tenants and real estate,  control that property with a simple skinny contract of sale with the right to assign.

agreed - too skinny, I wouldn't bite on that deal either

Get in contact with another owner who uses them and get the skinny on them.