Listening to BP Podcast episode 289 should help.If you give hime equity then the two of you would be subject to SEC regulations.However, if he simply lends you the money, then the two of you can agree upon terms that you are both happy with.

I want to make sure the GP is fairly compensated but not pulling too much cash out of the deal as compared with other deals you guys and gals have seen.The GP has already entered into contract to purchase.

Or is it still your dads and he’s simply offering to let you live there?

Both of us together we have spent over 40+ hours reclassifying and entering missed transactions and are still not done.

If you simply have to hold onto the property due to market forces or what have you, this will not work. 

We are located in Jacksonville Florida and entering the peak of hurricane season.Thanks!

Simply Having a signed contract is not enough. 

also depends on your market.. some the deals are just there you simply need to drive around others its tougher and most are gotten on MLS. 

Last option is simply to use a PLOC to finance the next purchase; you can get up to $250k if that is enough.

I’d simply just be taking over, no changes needed to be made at this time to the property or the tenants.