from the documents a few BP folks sent to me a few years ago. it looked like they were investing in multi beneficiary mortgages IE multiple investors in a fractionalized mortgage.. which can be argued is a security .. in CA they are quite common but you have a specific disclosure document that must be filled out by a real estate broker .. it lets you know who the co investors are.. which is really the rub here.. none of these folks know each other.. and of course this is always the rub in a pooled syndicated investment that goes south.. 

There are some potential cost savings that can be duplicated across multiple properties, but it’s important to understand what the rental history is and has been before making any offers or signing letters of intent.

If it is a quality asset it should be worth a multiple (maybe 3 times) of the full rehab cost and can easily be funded with a new mortgage.Hope that helps!

I have been doing my due diligence and getting multiple bids to renovate and update this property.

@Travis KemperThere are multiple possibilities:Leave the money in employer 401k and get a loan - if available: If the 401k plan in which you currently participate would allow to keep an outstanding 401k loan when you leave, that may be an option.Rollover to Checkbook 401k which would enable you to either (a) invest directly in real estate or (b) take a 401k loan towards the down payment: If you will have self-employment income you could rollover employer 401k funds and IRAs (but not Roth IRAs) to that Solo 401k.

Then, whatever number you have set for yourself, multiple it by 10.

He is a member of BP and has multiple investment properties as well as being a highly esteemed CPA.

By not putting 20-25% down it is causing you to run extremely tight margins, which in turn could put you in the red when faced with a multiple unit issue.

I'm considering my first deal, a small apartment building.  I remember hearing on the podcast once someone mentioned when they offer they submit 3 or 4 different offers with different financing structures to make sell...

They have more skin in the game then you do.Make sure you get clear title.