Also that statement that buyer was aware of underground storage isn't true either.

While I appreciate the desire to "escape" the 9-5, I hope you realize you will be going to the 8am-11pm routine when you start syndicating ;-) Dealing with other people's money comes with more responsibility and generally more hours.Yes, I know its not a "job" if you love doing it and that is true but starting syndications is like a start-up and takes resources, time, effort and cash upfront to make it successful.Just my $0.02

Originally posted by @Daniel Mears:@Joe VilleneuveWell Maybe in terms of control versus a small amount down ..but I’ll stand by my original statementHaving an option to buy is certainly not equal to having useful ownership rights and equitable interest like recorded installment type sales where you have real marketable true ownership .

Do not comingle especially in a partnership.You should also consult an attorney and CPA about your question as they will be able to provide true legal and tax advice for you on this question.Best of luck!

I can do an ADU here in Lake Oswego and if I put a covenant on it that its a true granny unit  direct relative going to live in it then NO permit fee's If I am going to rent it permit for a ADU is about 50k in our market so thats before you put a spade in the ground. 

You mentioned to treat cleaning staff as gold, so true.

Is there an investment loan similar to the FHA203K loan that combined the property and rehab into one loan, or am I making things up that are too good to be true. 

He says I need to give him $1,100 as origination fee to cover the background screening and other fees, but his offer is too good to be true.

They have vacated the property and told me they have left the country, although this could easily not be true.

All very good points Scott and very true.