Commercial 2     $480k          6%         5 year       20 year           Commercial 3     $235k          6%         5 year       20 yearCommercial 4     $229k         5.5%       7 year        20 year         (Could be refinanced to residential loan)Residential 1      $142k          4.5%      30 year      30 yearSince all these properties are down in Galveston, one benefit of paying off the loans is the control of the insured amount.

@Ken Warg I got following recommendations from my agent:Jami Rogowski - Block and LongoKaren De-Angelus in Clifton Park, NYI’m not sure if I can post their contact information here on BP.

Oakland , Berkeley and San Francisco  are notorious for their strict rent control.

Any wholesalers in New Jersey, Delaware, or Philadelphia?

Rent control troublesome for properties not at market rates.

If anyone has any recommendations on reasonable/ reliable hard money lenders in or near the Delaware area, it would be greatly appreciated.

You have to take stock and get full control of your personal finances before you start working on putting together your first business plan and go on the hunt for what you want.

Assignment of contracts are controlled by the specific language that is included in the contract itself. 

The only time I've heard of such an ownership split work within the same property is if you own 90-95% of the units AND have operational control of the whole property (i.e., YOU are the one that controls the HOA, property management, etc...). 

Person taking the pictures has control over what you see.