This would only indicate that rental real estate *was* a great way to make money at the time private equity was buying.

We immediately issued a note indicating that our 'property enforcement officer' would be collecting the rents.

Account ClosedTo mention or notify someone in a thread use the @ symbol and begin typing their name, a window pops up below, scroll to that person and click on it.I'd also suggest partnerships rather than lending.Sometimes giving advice is like giving an uzi to a known gang member, not saying Zac is a gang member, but I'd rather be confident that any advice was used in a prudent manner, not knowing anything about this lender is an issue while knowing Zac is determined to forge ahead without a greater understanding of how these deals are done.I think that's Adam's concern somewhat, in asking who this investor might be and the relationship.Sounds like they may be some fish more than an astute money manager, I don't know, but if I'm a party to giving advice as to getting into someone's pocket who doesn't have a clue as to RE lending, I'll need to understand the details.Best advice I can give is go to an attorney......I'm getting the sense of urgency is not a good indication, screw-ups happen when you get in a hurry. :)

You'll have to speak with your attorney and possibly indicate in the rider that you will pay for any repairs, up to some dollar amount, to make the seller more comfortable with the FHA loan.

Soft indicator that could be potentially useful for investors.

I know the tenants get some free housing credit from the local authority, but on the other hand, that indicates they are not well-off.

A lot of different rules minimize any decent profit (you can only re-sell for 110% of what you purchased it at, can't flip for a certain time period, blah, blah, blah....)

While they should be minimal since you have a private investor, they should still be factored in.

Common sense would indicate that in hindsight I should have gotten a second opinion.Does anybody have advice on this?

Also, the cost of an assessment should be minimal.