It will be tough to find cashflow in places like Charleston, Beaufort, etc, because of the prices.

I’m making this post because i’ve come to find when you help people things come your way that are good so I want to help you start out in every way possible I will hold your hand.

If/when the IRS finds out (and they will), they can fine and penalize you as well as him for failure to report.First thing to do is to check his license status.

How did you find this deal and how did you negotiate it?

I have an idea that is either crazy or brilliant, and would like feedback.Nutshell: Find older (70+) cash-strapped homeowners with lots of equity who want to stay in their home.

I've seen term sheets from some other groups (to other operators that actually DID strike a deal) and they weren't too bad...so I guess it really depends on the fund.Are they discussing funding you, or just buying houses from you if you find a good deal or have a house to sell?

Get (business) married - form an LLC for long-term partnerships. there are various blends of thisDo you ever see partnerships where 1 person finds the deal, contractors, etc. and the other person finances it?  

Should Ryan Poske respond to challenge this review, as I have seen him do elsewhere, you may find yourself wondering whether our expectations for this project were typical and reasonable.

How did you find this deal and how did you negotiate it?

@Rob CucuglielloI recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.