Hello everyone,I am just starting in Real Estate and unfortunately found the Guru's before biggerpockets so I ultimately, or at least as far as I understand (It's what my Guru's tell me), will have to start with Wholesales to build the capital to do flips since I do not have any substantial money to start with (but I do have a substantial amount of debt, if that counts for anything, haha).

The retainer fee is substantial but well worth it.

One things that's different from you situation is that I set my SDIRA into an LLC in order to have check book control, as well as to reduce my fees for my custodian which can be substantial if you hold loans in the SDIRA.I'll keep a look out for your next deal.

Obviously you need to have some sort of written agreement with you partner, or contract for services, to substantiate the arrangement.

I did realize that stretching out the loan will cost more in interest in the long run, but I guess I was thinking that the tenants would be paying this and I might be able to gain a substantial increase in cash flow....just trying to figure out if it's worth it or not.....

The required down payment is too substantial for just a $250k PP.

You're making good money from loan pay down, and already gained substantial appreciation.

By the way, anyone who obtains a Phase I, PCA, and asbestos & lead surveys on the same property at the same time will save a substantial amount compared to the individual prices.

The property needed substantial rehab so the 10% down Homepath loan was not applicable.

The property may be great, and KC is a decent market, but I would expect (and require) a substantially higher return than what you show there.