There simply are too many people attempted to get their hands in our pockets. 

I was going to do that in an attempt to get creative with my financing options so that there are no liens on it and I could borrow against it as an option.

Hopefully it’s not combined with the landlord hatred.)It sounds more like an attempt to either admit they made a mistake or have to do any work to fix their problem.  

Or you could attempt to get on title with the investor as a partner in the deal.

Best of luck in all your endeavors.

With this endeavor, the boats have been burned, the walls will be stormed at any and all costs.Hope everyone is having a great week and ending of the summer!

Nonetheless if you can build a 7 plex for $700K (in my area, things are getting built for $200-300 a square foot), it definitely seems like a profitable endeavor. 

Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

Even when the sponsor admitted to numbers (close to $1M) not adding up or false statements being made, she made no attempt further push the issue.

I wish you well in your investing endeavors.