Hey Team,  So as the title states, I am late to the game as I just turned 52. 

I rather have little skin in the game, then nothing at all.

It's "secured by balance sheet," which if you dig far enough into the questions leads to this statement: "Tellus earns its money by providing wholesale business-purpose residential real estate loans.

@Ahmad Moore Based on the info you provided, a CPA who specializes in real estate would get you the most bang for your buck. 

Selling @ $500kLender providing $490kCan the remaining $10k be carried by seller?

The funds that provide best returns typically have lower overhead costs.

Just my opinion after 12 years in the game 🙏👍

Lead Generation & Marketing: Do sponsors provide qualified leads or expect you to generate your own? 

I also like to make it a condition that the seller deliver a couple of days before closing an Estoppel Certificate from the tenant where the tenant confirms:  (a) true and accurate copy of the lease and all amendments thereto; (b) address/unit they are occupying; (c) statement that Landlord is not in default under the Lease: (d) statement that Tenant is not in default under the Lease; and (e) statement of monthly rent and remaining term.This protects the buyer in the event there has been a subsequent written or verbal amendment of the lease (that the seller does not disclose) and prevents the tenant from making statements to the buyer/new landlord that are different from the terms of the lease that was provided to the buyer from the seller.Vivian

So what's your end game here?