Seems like I'd have to get the property at a low enough price so that god forbid the seller has to foreclose there would be room for the fc proceeds would cover the seller and then my partner right?

She's quick, extremely organized and detail oriented.All that lead up to say, is there a market for a part time 1099 assistant for independent real estate investors?

It looks like there might be low to medium pest.

After a few months of looking I've got my first deal in the works. Unfortunately its 1 1/2 hours away, but its 100k less than similar properties here in the Mesa/Phx area. I figure I can manage it in the beginning and...

However in extreme cases you could be putting yourself at a larger financial risk.One important clause often missing or poorly written, from short investor contracts, is the defaults and remedies clause.

The great majority of our community owner clients are using related finance companies as a tool to buy low occupancy communities and fill and modernize them thus making major changes in the values of the communities they acquire.I wonder how he intends to do it? 

I make an entry for the lowes bill, not for every blind and board I buy. 

It seems like the your interest rate is low.

If you're in the 25% federal tax bracket, twice the tax is extremely expensive.

I would be looking to get it at a low enough price, along with the home improvements done after purchase (also with 15%-20% down) to take out a home equity line of credit.