50% - 50% split of profits is common with a money partner.

Also I am located in southeast Michigan and would really like to hear from others in the area and see how you are doing with the extremly slow market we seem to be experiencing.Thanks.

You have, if memory serves me, 45 days after the sale of your home to designate up to 3 potential properties you will buy, and the purchase must be completed within 180 days of the initial sale of your home.Another option, if you are a qualified investor, is to do a 1031 Tenancy In Common (TIC) exchange.

The seller did a termite treatment and we didn't see any visible signs of damage when we initially looked at the house and everyone said termites are very common.

I’m extremely jealous that you are getting the 3% rule when I’m trying really hard to get 1.3%.

But the ones she pulls are the same ones I'm seeing as well.In terms of coming up with a number, I think you can get extremely close to the appraisal number with the other services.

I would be extremely cautious of where you choose to invest your money if you choose to invest in this type of fund, regardless if it's in China or here in the U.S.Before you make this type of investment ask yourself these questions?

(If you get the "$2k job because the sewer line is separated and collapsed" I would get another opinion...that's the common BS I get sometimes.)

@Zach Kolb Unless that's common in your market, I don't know why you are doing a month to month lease instead of a year at a time?

We just rolled two of our mortgages this week with a new lender ... back in August we sat down with our current lender and three others and one wanted our business - met our terms and bettered the others by 0.45% on rate.Now, where short term mortgages are not as common in the U.S.A. it is possible the lenders won't be as competitive for business as it's not their mainstay.