But my lawyer is freaking out with respect to number of covenants on the property.

But my lawyer is freaking out with respect to number of covenants on the property.

You’d definitely want to make sure rents in the area can support and pay for your new mortgage based on its ARV allowing for capex, property managers, vacancy, etc. and still cash flow.I don’t think any of us can predict the future with respect to interest rates and what the market will do.

So then to for capital partner and services partner to split profits 50/50 with respect to this property should be ok, regardless of who holds title?  

Digging in a bit deeper the only extraneous fees I see are:Lender fee/points = $1,419Settlement statment = $600 (this is usually 150-250 in my market, so it's possibl 600 is a locally normal rate, but dang)The taxes and insurance are controlled by dat gov'ment and you, respectively. 

Looking to make several more acquisitions over the next few months but at this rate will likely go back to the drawing board with respect to who I work with.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

., and GC on some respectable size commercial build projects.

Very Respectfully,Wes

You become a staple around those people, be nice/respectful, and by the time you are ready to make your first deal you will have such a resource pool that you will instantly know who to goto for just about anything.