It depends on the product and where you're building @Yasser Siddiqui.

You never know when a individual may want to get their life on track and will need to get the judgement cleared from their records.

I notice myself losing motivation lately and on a recent BP podcast Brandon Turner said something to the effect of 'just get something done' (speaking to newbies about that first deal).  

My SCORE mentor hooked me up with a group out of Jacksonville that does flips and after a great conversation they gave me the courage and motivation to jump in.

Sounds like you want him out now and money motivates a lot of people.Make it contingent on the condo being in good condition and professionally cleaned so that the expectation is set before handing him over any money.

You have to meet rules for home office deduction. if you are an investor, The expenses they incur in connection with investing activity are treated as Section 212 expenses incurred for the production of income. 

Curious to get some feedback.If you got you a very hot, very motivated, high equity seller lead appointment that wasn't on market or on anyone elses radar, with a high potential for great margins....

You can find, target and market to those individuals by identifying a group using listsource.com or something similar.You're looking for high equity sellers that have owned the property a long time and preferably live out of state.

First off, the syndication sponsors I have worked with seem to be more prompt and personable individuals.

If anything I would live in one room and rent out the other two individually at around $500.Property Type : Single Family 3 bed 2 Bath.Property Price: $200,000Down Payment of 5% at $10,000Loan of $190,000 at 5% interest rate                         ExpensesTaxes $150ExpensesInsurance $ 115Electric $ 100Water $ 70Gas $ 50HOA $ 0Lawn $ 25Vacancy $ 100Repairs $ 50Capx $ 100Mortgage $ 1284.96Total Monthly Expenses $2,044.96                "Cash Flow" (Didn't know what to title this section)Out of pocket $744.96Tenants Rent : $1300       Cash on Cash Return (This is the main part I need help with)Down Payment $10,000Closing Cost $3,000Rehab Budget $7,000Total Investment : $20,000