Hello All within the BP community (especially upstate SC),I am writing this lengthy post as a way to finally push over the edge in regards to a first purchase/deal, and to develop a healthy network of fellow investors in the Upstate of South Carolina.  

More importantly is that money worth "spending" to keep your marriage happy and healthy.  

I think that’s a healthy balance between sympathy and not too much.

Also, keep an eye out for an oil tank... in my neck of the woods they are one of the biggest issues with old houses and can cost thousands of dollars if they have leaked and the soil needs remediation.

Do renters not deserve a healthy and affordable place to live?  

I am having some healthy dialog with my business partners over whether now is the time to buy, or if we should wait out the market.Appreciate the help from more experienced REI's.Thanks,Andrew

I can only say that if I were a seller, I would have 3 stipulations: 1, a healthy dose of earnest money, and 2, an escape clause that allowed me to continue shopping my own house around on my own while the wholesaler was doing the same thing, and 3, the obligation of the wholesaler to buy the house if they couldn't locate another buyer in a suitable amount of time. 

This 8% + 4% structure is unclear based on what you've written, but sounds more like a 12% preferred structure if the project achieves those goals.Given that it is a value-add project, the returns could be well in excess of 12% and the sponsors could merely be offering investors a healthy 12% return, while taking the rest of the uplift as their promote.Hard to say for sure based on what you've written, but should not be difficult to find out from the sponsor.

I also have a 4 yr old who was diagnosed with Reactive Airways Disease and it isn't healthy for him to be around carpet period nevermind a dirty one.

A good healthy forrest nearby will also be a necessity as you can actually survive by eating nothing but leaves and plants (polk salad anybody?).