We like him a lot and has proven to be a great resource for real estate investing and would love to form a good relationship with him, but also don't want to burn any bridges by asking too much from him. 

That means we burned about 30 gals of fuel heating water for an entire year.

The law doesn't care to tend to these situations much out here so he's been burned a few times.

Burned out owner willing to sell for less- (Proprietary) property management company that will manage this complex currently has 9 team members and manages 150+ units currently- 12 month refinance plan w existing lender relationship, who is supposedly eager to take on deal- Want to wait full 12 months in order to have new FMV assessed (versus just taking sales price) on refi in order to increase max loan amount- Tenant vetting process: 3x income, >= 650 credit, no violent charges in last 5 yrs, no evictions last 7 yrs- ROI stated on the call is 8%-9% CCR in first 12 months; 11%-13% CCR on "any money left in the deal" after refi.- 60/40 on their accredited/non-accredited investors based on current investors - Crime/gang activity comment raised on call due to online reviews of the complex; hosts said they were not aware of this and it did not come up in initial due diligence- The 25% (of the 25/75) rent share continues on % ownership in the LLC after initial investment is returned.

(I could see it being appreciated OR feeling awkward/unwanted by a tenant/neighbor.)7.

I only deal personally with licensed professionals... but a lot of my deals I fund I will see some little wholesale fee on the hud... so my vendors are using them... the reason this is so prevalent is the belief its easy quick money and the guru's sell the course's that tell the folks they can make a big money with NONE of there own so you get a lot of folks that have little wherewithal that give it a shot burn out rate is higher than burn out rate for agents.. and agents its about 50% based on my owning 3 brokerages over the years I suspect try and fail at wholesaling is closer to 90%...I am with you anything that comes close to sniffing a daisy chain and i am out.. 

Maybe I'll get burned, most likely I won't, but I think the most important thing is I'm doing something and learning my lessons first hand!

Thank you so much for the votes - I am trying to reach the One Thousand mark - it's been fun chatting with you all and being recognized by your votes - I am always willing to help and answer questions.Years ago I got really burned out being an agent and jumping through the hoops as an agent/broker and decided to become an auctioneer, I created an auction company - now doing over 200 transactions a year but the best part of my now exciting real estate life is making fast profits in real estate investing WITHOUT ownership - my family created a formula we call Control and Roll - this is where we control a property (houses or commercial) with a one page contract, what we call a SKINNY contract of sale with special clauses in it - we than offer the property at public auction for all cash, "as is" with NO contingencies and settlement within 30 days. 

If you plan to visit the property twice a year that's two round trip plane tickets, two car rentals, two hotel stays, etc. you could easily burn through that $2,500 *extra* profit.  

This way if you suddenly get stuck with some deals in a downturn you aren't completely burned.