You have to bring in a 20% down payment and they also share in the profits.....it sounds very expensive to me and not like a model that would allow you the control you would want to have?

He complained to me one day that he feels most of the snotty members look down upon him because of his JOB.

Reach out to me via email or my profile. 

This seems risky to me because the improvements you are making will raise the value of the home which gives the seller a conflict of interest.

I sent a letter explaining what happened, and he said to me, your report shows that's exactly what happened.

I am from South Bay, California and found this forum by accident.Real Estate is a very exciting word to me and anything that has to do with it is welcome :)Anyway let's network.

I paid the earnest money and Memorandum of sale was assigned to me.

At this point I'm trying to figure out which area might be of interest  to me, which style of investing and when to pull the trigger (you may have seen above that my fiancee only has a job for another year and after that could be moved anywhere in the world).  

Real estate investing feels right to me and I want to get involved, so I've been reading a lot of books and internet forums trying to learn more. 

The seller was reluctant to provide much more than a rent roll and leases prior to me signing the contract and tendering a $25,000 deposit, which is relatively customary.4.