It's a very long, complicated process.

I don't want to wait 90 days and I don't want to do unnecessary work just to justify a price raise that I am only doing because banks won't lend me the $ in need to do the deal.

The big things you have to do are tax and entity structuring, which sounds complicated but it's not that bad.

If you plan on implementing a buy-and-hold strategy it gets a little more complicated, as everyone would have to be in agreement as to when the portfolio will be liquidated (and the future market may make this more difficult than you forecast, always be aware that there are many variables in play and you should have MULTIPLE exit strategies) or how the cash flow will be split once you move and can no longer be as active in the property management as your partners.Be sure to discuss what elements will be included in your Operating Agreement, and what business structure you plan on using (partnership, LLC, etc).

I don't think he quite understands what we are trying to do and I am afraid our "new" contract is way too complicated now.Has anyone run into this before?

No complicated marketing.

Insurance can be confusing and complicated and thus going to a run of the mill P&C insurance salesperson might not get the results you actually need.

Where it gets more complicated is looking at income and expenses, to calculate net profit as taxable income for Uncle Sam.

There is more complication to this and whether a borrower is being dual tracked but as far as simple remedies go, typing a letter in documentation is not all that complicated so it is worth it.Depending on the state where the Subject Property is located and the process by which foreclosure takes place AND where the process was prior to the BK, you might also be able to seek mediation.

There aren't too many of them, as the process is complicated and most brokers don't want to deal with it, but they're out there.I was under the impression that Homepath now requires 15% down for investors (10% for OO), but a broker should be able to tell you for certain.A good broker should be able to answer you other questions as well...