You then have to decide if you want to assign your contractor to the new buyer or double close. 

I understand the end result and how to split with partnerships, but don't have an Excel model that allows me to do that, and play with preferred equity, a GP management fee, etc.

Its 50/50 for me and we manage 18 homes

Profits can be great with good management and the right location.

Hey @DaVontaye Jordan - lots to unpack here but I agree, its strange for the landlord or property management to not provide a ledger or atleast a break down of the balance that may be owed so you can decipher how much you're truly owing. 

Per the article, the term "Seriously underwater" is defined as 25% or more owed above the total estimated market value of the property; Among zip codes with at least 2,000 homes with mortgages.I'll let you in BP Nation decide if this potential financial loan distress would make the Rocky Mount area more or less attractive for a real estate investor.

A monthly survey conducted by the University of Michigan that measures consumer sentiment and inflation expectations has affected yields and offered a data point for predicting Federal Reserve actions.Purchasing Managers Index (PMI)Another factor starting to gain steam in terms of affecting mortgage rates are various regional Purchasing Managers Index reports, which offer a glimpse into the health of the economy.

For example:"In the event that the Tenant does not decide to move into the property, they forfeit all of their security deposit and monies paid to Landlord.

An A+ credit file will have those 5 accounts open for 24 months...I say that because you won't necessarily be able to open account this week and then check back in a month... open the accounts get you started what helps your credit is managing those accounts successfully overtime.There are a few ways to speed up the process and give yourself an established history in a couple weeks instead of a couple of years... it won't work for everyone but it will help in certain circumstances.Reporting Rent To Credit: This can be done in a lot of different ways.

Will you have to how a property manager or are you capable of managing it yourself?