As I approach a career transition, I am looking forward to starting a new business endeavor soon with my wife into the real estate world, with the goal of one day getting out of the proverbial "rat race."

:-)  Hello Amy,This is a really good approach to investing in the industry.

Hello everyone, I finally found what I think could be a potential investor and I just want to know how I should approach them.

However he should have been more open with you about his involvement.If he represented another buyer, his approach is reasonable - but he likely isn't the best agent for you. 

You have to interview buyers under the time constraint of the purchase contract...and you might not find a buyer, might find buyers that have criteria that doesn't match what you found, might find only buyers that aren't real, or find a real buyer only at the last minute that knows there is a gun to your head and you have no negotiating power.A better approach is to align yourself with a couple of really solid, active, no-nonsense buyers.

If you're going to use the "I have a partner" approach, understand you take on legal implications, doesn't matter how much you love them.

There are two fundamental approaches to putting these deals together; the tenant first approach or the Rent To Own Homes: How to Profit from a Lease Purchaseby Brandon Turner, over 2 years agoamounts of time and stress.

This proves to be extremely valuable in increasing our portfolio through leveraging equity with new loans.However, as we approach the 20 year anniversary on some properties and getting toward the back end of available depreciation, i am still struggling on what is the best approach from a tax standpoint.  

That will be a more appealing approach than approaching a potential partner with no deal.

Depending on your experience, net worth, the bank you approach, you can get 50%-75% of total development costs financed.