Thats when you make arrangements for him to pay what he owes you also make arrangements for an inspection.

you might be able to get some info at city hall or talking to other investors who have done it. one thing I might consider is getting in touch with investors who are currently renting out lofts and see if you can arrange some kind of meeting/lunch with them, if you make it worth their while, or are willing to help them or work with them or something, maybe even pay a fee for their advice/consulting, it might be worth a try. or if you can find someone who knows someone who will help you out, or just be able to show up somewhere and ask random questions if the opportunity arises. e.g. you could show up at open houses of lofts for rent if the owners show up there. check Now magazine listings etc. let me know if/when you have success with this, it sounds interesting.

I will have to see if we can come to an arrangement.

Not sure how your propose to arrange the financing for the low monthly payments.

I'm still wondering if this arrangement is being disclosed to the lender.

Being that he is in a stage of his life where it is likely he'd prefer to do less physical work but keep earning money i want to approach him about an idea.

Located in Southwest Missouri.15 pads3 Currently Rented @ $150/month8 Park-owned homes in various stages of repair, 2 of which can be rented right now for ~$300/monthPurchase price = $32kDown payment = $3kI can do the work on them myself, and many of the materials are already included.

The part that turned me off was the main speaker crying on stage after sharing personal information about his childhood.

Remember, at this stage you are a sponge, soak it all in.Glenn Espinosa is my brother, he is working on a blog series following our start in real estate.

Get the property inspected.Call the utility companies and arrange for utilities to be changed on the closing date and have meters read for billings.