I am almost positive its his own money.

IMO, if a financial deal will make you declare bankruptcy, then you aren't in a financial position to be buying real estate.

Off hand, I'd think it's probably putting you or the finders in an illegal position acting without a license, but can't say as I don't know what the relationship is.

Foreclosure of second position lien?

I have managed to come out unscathed with two sets of renters and a positive cash flow due to great deals.

Without knowing the amount of equity, positive or negative, we can't advise.

As a newbie, how can you factor in these expenses to see whether you cash flow is positive?

All which places you in the best position to extract a portion of the revenue.

Hi All,I am in a three way equity position in a buy and hold.

A private investigator or skip tracer might help but actually I'm not sure throwing more money out to find him would payoff as the authorities will be looking for him popping up.If it were me, I'd post the guy's name and company name stating the facts, it would certainly give notice to others and he's in no position to do anything if you state the true facts.