Inspect the property, these properties often have major problems that either the owner knows about and is passing problems on to a new buyer, or they don't know about but through neglect or ignorance have heightened.2.

I suggest you go to a mortgage originator/lender and spend a few minutes to be pre-qualified and explain your circumstances.

Do not neglect target market, neighborhood, and local employment/employer considerations.

Do not neglect target market, neighborhood, and local employment/employer considerations.

If the circumstances warrant it, I'd use a bridge for the first 12-18 months followed by CMBS or agency financing for the permanent component.I think your model is great as long as you have the investors for it, sellers that go along with the entity acquisition model, and the lenders to do the 223F.

There are a lot of people out there who do not have the time to invest, but given the right circumstances would be willing to lend money for a return.

You did it no matter what your circumstance and no matter what anyone else thought - you made your dream come true.

Just keep in mind that you guys will not agree on everything and if God forbid one of you could not fulfill the financial obligations down the line because of unforeseen circumstances, the other investor will hold the responsibility of maintaining the investment or risk loosing it altogether.

They basically said I failed to prove a special circumstance that required the 8 ft. height.

I want to help stimulate communities which have been neglected and which would benefit from having distressed houses purchased by someone like myself, fixed up, and sold to a new beginning family for an affordable price.