When you get a minute, I’d love to know what aspects of the sponsor deal you look for to determine the risk level you’re willing to endure.

I can empathize with all the emotional aspects, the DEEEEEEPPP research, trying not to get too involved too early on and risk being majorly disappointed,  getting outbid frequently and learning to walk away.

@Tonye Jack Not really since they are investing their time to help you build that investment portfolio and they will consistently get their sales % for each purchase.

I would be a cash buyer and would hate to find out once I have a large amount of money tied up that I can’t get it out in a timely manner, or possibly not at all because I have no consistent “income”.

Trying not to let the emotional aspect of that cloud my decision making.

Just to juxtapose all things concerned, you have to keep in mind one aspect of how mortgage loans work.

I have enough for a 3.5% DPProblem 1: I have a job but no W2 income BUT am currently switching into a W2 at the end of the monthProblem 2: Dont have the 10-20 percent DP for the property for a conventional DPProblem 3: Holding costs for Hard Money for a few months until Bank accepts my new “W2 Job” for proper mortgage financing(I am aware there will be some time for proof of consistent funds from new W2 job to getting the FHA mortgage)*And yes I know about PMI with FHAIs this a strategy that sounds reasonable or am I making a bad decision?

You won't qualify for a mortgage w/o steady income and most lenders like to see 2 years of consistency, usually with the same employer.

Does the duplex consist of two separate deeds? 

I also like the limited partner aspect, meaning that in the unlikely event the deal goes south you won't be subject to liability beyond losing your initial investment.