Generally the real estate lic. commissions' first object in any and all cases is to protect the public and safeguard the interest of the consumer.

What, Jeff are any and ALL of these methods secured by & collateralized with?

Charles Parrish wrote:Make sure you have a back door clause (subject to and contingent upon third party assignment before settlement) and that you give yourself enough time to re-cycle the property (buyer shall have 60 banking days to settle) and a safty clause (buyer has the right to extend the settlement by 25 banking days if necessary to complete all settlement paper work) and make sure you have the right to remarket the property before settlement ( buyer has the right to remarket property by private treaty or public auction any time before settlement)......and so on.

10-18% return on their $$(& while not exactly IRA or Stock Market returns it IS also SECURED W/DIRT?

I understand the poor very well, since I was charged with oversight of over 1200 public housing units as a commissioner, a very active commissioner at that!

2-Find out their business ownership/management experience, nobody wants to set someone else up for failure3-IF they don't "need" the apartment, You should advertise & secure a tenant 4 them, w/1st/Last/& security, so that potential "problem" w/both future lender & appraisal is already dealt with (read=documented INSTANT Cash flow, more appealing to buyer, & Lender), preferably w/a nice LONG lease (say 2yrs w/a 1 year extention option)4-Holding a Seller Second makes this a VERY "do-able" transaction, just need to make sure borrowerA-Has great creditB-Good ReservesC-Proven Track Record in Business (4 self or others)D-Realistic Business PlanE-The Guaranteed ability 2 make the paymentsIf they have their act together, You'll know who they are...Let me know if I can be of further help, I've arranged financing on over 200 commercial transactions, & over 50 mixed use subject properties5-& Very Most Importantly....Don't be afraid to "owner finance"..

Lack of knowledge of court system- In most states court holds rent in escrow. tenant cant claim any repair or avoid eviction until rent is secured by court.4.

IF U want 2 go on the safe side...talk 2 the private lenders...U're funding at that point flippers/other investors/re-habbers & they're paying YOU 10-18% 4 the use of Your money...while YOU hold the 1st mortgage against the property they're prepping 2 sell 2 pay You back;It's both an excellent investment (always < 80% Loan to Value{LTV}& the most secure place U could ever put Your $$?

Most of our military budget goes for "securing the continuing flow of oil" at "affordable prices".

The next tenant in that house will get a monthly "meet and greet" until I feel secure that they aren't abusing the house.