I am simply suggesting you understand who it works and figure out how to best manage it when you get there.

So that they have a little on going skin in the game if they feel it is truly a good dealIn my experience I have not seen that.. wholesalers are all about getting paid up front.. end of that discussion.. many need the money to keep feeding the marketing machine and simply are not financially able to take back end profits .. thinks more of a used car salesmen mentality than a sophisticated JV partner

Also did you live in it for 2 of the last 5 years if so might be a good time to simply exit and get tax free 450k.. then use that money to buy a small mulfi family with 30% down so your not leveraged to your eyeballs.

The next issue will be if a judgment is entered against you, what will happen with the bleeding?

@Serges Lemo You can simply extend the lease already in place.

I didn't, it was simply being young and wanting a house What was the outcome?

So why would I pay Roomie/or whom ever 7.5% to help me find a short term tenant when I can simply post for FREE on CL?

and if we can do 2 or 3 a month like we do.. its a no brainer. take the money LOL.. forget the rental drama.. but again this is not for most.. as they simply don't have the means to do this.

@Skyler Flintall I think the easiest way to understand Cap Rate is that the cap rate is simply your rate of return if you paid all cash for a property. 

They've previously complained about it twice and i sent someone in immediately to take action and close up and clean up the areas we believed they were entering through.