Your example omits the critical rent and expenses numbers.I'm also somewhat dubious of the whole buy for $45K, add $6K in rehab and get an appraisal for $107K.

I want to start a limited company and switch the mtg to the company.

Question:I will limit the offer to be valid for 14 days only.

But, if total returns are 17% and the investor needs 15%, then your cut by default is 2% and you have your equity split (15:2)Keep in mind that if you're providing property management and listing services, that you should list those services on your financial forecasts at market value -- if that's money coming to you, then it's part of your personal return on the investment.You may wish to establish an LLC where you are a GENERAL partner and the investor is a LIMITED partner - you would retain all voting rights except for special circumstances like when to sell, or to dissolve the company.

And they are limited in what they can do since the overwhelming majority of subprime debt is securitized and the servicer must operate within the guidelines of the sale and servicing agreement.I agree if the loans are part of an institution's wholly owned portfolio it might make sense to carte blanche modify mortgage terms across the landscape.

Listers should be limited to low number of ads -- not unlimited like it is now.

And what will it cost you to overlook something critical?

If you still want to do deals at 80% LTV and use hard money some will work with your if someone else covers the amount above the LTV limit.

Jay,It'll cost a little bit more but check out Lease Purchase (first check Florida Law, I heard a rumor that there are limits on LP in Florida).

The primary lender may have limits on the combined loan to value (CLTV) ratio.