LUI think it tops out in the sf Bay area at 800k or so.. and most places around the country 400 to 425k max. so I think this person will need full down payment and maybe his eye are bigger than his wallet .this is a perfect set up for parents or family to step in and help.. would not make much sense for other investors..

Therefore, I got into a property that was not perfect but it was in a good location and good enough for me, at the time, to start my journey into REI.I personally believe in the motto of "progress not perfection".

Absolutely agree that it’s not perfect, and I wouldn’t use it for long distance investing because you need to KNOW the market and have eyes on.  

I have a website up and have been working on the SEO but you are saying to wait to mail until my seo is perfect and site is perfect? 

@Brian Burke put it perfectly.

Note that neither is perfect - someone may live in the house but get their mail at a PO Box or their office.

A 2nd mortgage foreclosing is a big red flag for me and strange that someone will be paying a 1st position and allowing the property to be foreclosed on.I would dig deeper to make sure there are no other liens attached to the property that when adding all those liens, the 1st position and your inverstment amount does not surpass the property value.If they don't a quick exit is to sell it where there's still money left to get a return.If they do add to more then hurry and rent it get some of your investment back and with luck get some ROI.I stay away from 2nd positions unless you know with perfect accuracy the financial details of what can be attached to that property, it just doesn't make sense that someone with only 2 mortgages will default on the smaller amount and not the first SPECIALLY if theres equity.Good luck!

I think you can get away with being small as long as you have some testimonials and/or can show some stuff you have done. 

Just know to always exercise caution when entering a partnership, people aren't perfect and so you need to be sure to play things safe and allow professional relationships time to grow and mature.I will also DM you with a couple other resources. 

You... you sit in front of that computer telling your wife to hold on, and get that lase schema.org JSON code perfected on your video file of a killer testimonial ou received.