Remember you don't have to own a property to control it.Good LuckPaul

The profit split will be 50/50, the numbers are as follows: 28,209.13 due at closing 25k HML @ 15% 1 yr prepay penalty of 3,750.00 28,209.13 + 3750.00 = 31,959.13 + 35k (projected rehab/holding cost) = 66,959.13 + 5k closing = 71,959.50 ARV is 110K 110,000 - 71,959.5 = 38,040.50 / 2 = 19,020.25 potential profit.My real concern is that the property is titled in the contractor's LLC, there is money owed and I have no control of the property.

I used to invest in stocks ( still own some) Individual stocks I believe to be more speculative vs a Mutual fund or a index fund (which fools advocate) I prefer something tangible and something I have "Some" control over that is why I like real estate.I agree, they seem to assume zero learning.

Admittedly is was a 15yr term & some years ago.That way they had control of the cash if you fail to pay the mortgage so we qualified for a mortgage 70% LTV.

I would never buy and hold a condo due to lack of control of the property-the HOA becomes your partner .

If you are paying utilities, I'd look at getting the climate control thermostats.

Traffic arteries, population shifts, concentrations of shopping areas, public transportation, employment centers are all considerations in the analysis of comps, market trends begin over an entire city or county level and drills down to a neighborhood.

An affiliate is an entity that controls another company, is controlled by the company, or is under common control with the company.

I've got one rental, however, that's on a corner lot on a two lane road that gets a pretty decent amount of traffic.

There are just too many things outside your control that could go wrong.