I am simply suggesting you understand who it works and figure out how to best manage it when you get there.

So that they have a little on going skin in the game if they feel it is truly a good dealIn my experience I have not seen that.. wholesalers are all about getting paid up front.. end of that discussion.. many need the money to keep feeding the marketing machine and simply are not financially able to take back end profits .. thinks more of a used car salesmen mentality than a sophisticated JV partner

You may be able to offset your lack of paper credibility with additional rental income and personality.

Also did you live in it for 2 of the last 5 years if so might be a good time to simply exit and get tax free 450k.. then use that money to buy a small mulfi family with 30% down so your not leveraged to your eyeballs.

@Serges Lemo You can simply extend the lease already in place.

The biggest drawback is the age of the building and lack of local contractors.

I didn't, it was simply being young and wanting a house What was the outcome?

So why would I pay Roomie/or whom ever 7.5% to help me find a short term tenant when I can simply post for FREE on CL?

and if we can do 2 or 3 a month like we do.. its a no brainer. take the money LOL.. forget the rental drama.. but again this is not for most.. as they simply don't have the means to do this.

@Skyler Flintall I think the easiest way to understand Cap Rate is that the cap rate is simply your rate of return if you paid all cash for a property.