We hope to create a win-win-win scenario for all involved and it's always a learning lesson when that doesn't happen. 

Welcome and great idea, I think the MTR space is still very smart area to be getting involved in

Will they have trouble making the payments to you while also having enough money to keep up with the maintenance and repairs/ tenant issues/ all the expenses involved with owning the property?

Because obviously there was no skill or courage involved, and houses will definately be cheaper in 20 years. 

Let's grow together.Connect with probate attorneysVisit property auctionsCold callingTarget LLC owned propertiesMail campaigns targeting older neighborhoodsConnect with local experts and small businessesGet involved in the communityWhat about you?

For instance, if I buy a house 20% down, 5% closing prep costs where the rent matches the mortgage, interest and tax and assume a 5% rent growth and appreciation, I'm expecting an 11% total return which is just not good enough for the hassle involved. 

Your overall experience investing in a syndication involves much more than the yield you could achieve.

However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.  

Statement:I'm 1 of dozens of partners involved in a transaction at any given time.

They should have a process for this that will likely involve probate.