What about E&O Insurance for your business?

You should talk to a mortgage lender and see what they have to say and whether they would lend you the other 66% in the form of a mortgage, o that you could buy and be the sole owner.

GSI {Gross Scheduled Income; sum of the rents, annualized}Capex {has several variation, pick anyone you like}Caprate {has same problem}ReservesE&O {Errors and Omissions; has a def on the site}PM {property manager, management, disambiguate from Private Message}DTI {Debt to Income Ratio}

Originally posted by @Karen O.

This is a business decision and you need o protect yourself.

Quote from @Michael Baum: You have a secret note visible only to mods that says you were given permission to post your Deal o' the Day.

(The idea being that they might be at the height of their aggravation having to deal with an eviction)We actually got some good deals for creative financing (this is not a wholesaler concept) We did both L/O and subject to.

Hi Steven,Welcome to the exciting world of crei and to BP.I have found it's much easier to find the tenant buyers than the sellers---but that is because of my area.If you can get someone to agree to a l/o and you post the dtails on CL believe me they will come.

@Carlos O GomezTax preparation fees for REI business are still deductible.And even if an expense was not deductible - it's a poor reason to avoid it.

(S/O Tony Angotti for this)