Also, secure the windows very well or you will be dealing with squatters most likely.

I want to share a story about how our team was able to secure 3 off market properties we are closing on today.

You will need to work with seller and lawyer to draft up a copy of agreement.Think about it as a regular real estate transaction, however upon sale- the owner then becomes your bank.

At that point, it's a race to see who calls the client first.You might consider setting up a farm area and then using one of the mailing companies to do regular mailings to start building up a presence in the neighborhood.By the way, your broker is being VERY generous!

@Ken Konecny It was just a regular single family in town.

He regularly inspected properties in that area and knew the stock very well.   

It's a great investment, so I told a realtor friend that I'm interested in multi-family and asked him to send me regular emails of listings in my area.After a couple months I called him to say, "I'm going to stay in my lane and stick with commercial."

Another method, although this is more complicated (and I've only seen it with securities, so you might want to talk to an attorney) is dilution; namely if one partner puts in more money afterward in CAPEX, the other partner's ownership is reduced.

@Sherwin Gonzales, @Daryll Penamora, and @Hyangsoon Collins, don't forget to direct message me the email address you'd like me to use to add you to the FB group and regular meeting invites!

My office has the Fannie Mae and VA foreclosure accounts so I regularly deal with flippable homes.