One things that's different from you situation is that I set my SDIRA into an LLC in order to have check book control, as well as to reduce my fees for my custodian which can be substantial if you hold loans in the SDIRA.I'll keep a look out for your next deal.

Obviously you need to have some sort of written agreement with you partner, or contract for services, to substantiate the arrangement.

I did realize that stretching out the loan will cost more in interest in the long run, but I guess I was thinking that the tenants would be paying this and I might be able to gain a substantial increase in cash flow....just trying to figure out if it's worth it or not.....

The required down payment is too substantial for just a $250k PP.

You're making good money from loan pay down, and already gained substantial appreciation.

By the way, anyone who obtains a Phase I, PCA, and asbestos & lead surveys on the same property at the same time will save a substantial amount compared to the individual prices.

The property needed substantial rehab so the 10% down Homepath loan was not applicable.

The property may be great, and KC is a decent market, but I would expect (and require) a substantially higher return than what you show there.

The agreement isn't required and I usually don't make people I am working with sign one unless I start investing a substantial amount of time working for them showing them tons of houses.

An agent has been soliciting her sphere of influence which includes contacts from her former place of employment including employees and clients.