If you are looking strictly cash flow and have a solid team set up in that location then it could be a great strategy!

A meeting was set up for me to sign docs, and briefly read docs as I was signing, the wire instructions were included.Just prior to wiring funds , there was a warning about wire fraud , and I noticed that no letter head was included with the wiring instructions.

Additionally, @Parker Cox, Kevin Fox, and I are working on setting up another meetup soon, which we will post about on BiggerPockets when we have the details ironed out. 

I am likely interested in using an FHA loan at that time to purchase a fourplex, but am definitely not set on that, as I understand much can change in two years in the market.Thanks!

Pay off the balloon and then offer him owner financing on agreeable terms on the $38,000 plus any fees you might incur setting up a new contract.

We use the whole suite of docs from Wisconsin Legal Blank - just order a set online or download the pdf version.

@Levi T. how hard is it to set up an LLC? 

Something where you set up a relationship that they bring all their deals to you and together you guys evaluate the deal, come up with the correct numbers and create a presentation that gives their cash buyer list the confidence to evaluate the deal.

Its basically set up like a 401k. 

- find a Mentor to partner with in areaWhat I'm doing now-  getting educated and licesened - I've listened to every BP podcast and am currently reading "set for life"- signed up for BP pro and am reading and asking questions- networking for subcontractors This is the just of my situation.