Family transactions to settle an estate have exceptions to the usual investor refi/purchase transactions, at 50% or 55% LTV you shouldn't have a problem subject to credit and ability to pay.

That being said, the owner may have the ability to give them 2 months notice if their is about to expire or if they are on month-to-month.Brandon

I'm torn between the "if you're working to hard to make a deal work, its not a deal" mindset, and my persistent ability to keep working at something until everyone is happy.I have a track record of not giving up until I get what I want, but as I get older I am also weighing this trait against the amount of time and energy expended.

There is more to it than the ability of a project to generate income.

I would like to have the ability to leave individual messages for each property that is for rent.

You should put a loan servicing company in place for collections and servicing, this can make things easier on the lender.You might use a stronger credit partner, a loan guarantee can help.Are you qualified to finance but prefer the seller financing, showing that ability to refi will probably help.

Hi Josiah,There are all kinds of contractors with varying abilities and experience.

Overall it works but there are a few significant downsides:- NO ability to create a cash flow statement.

I responded to that today in fact.http://www.biggerpockets.com/forums/311/topics/115369-price-reduction-strategy---help-pleaseThe ability to foreclose and get the property back in Calif is arduous, so I would see a local Calif RE Attorney.Seehttps://litigation-essentials.lexisnexis.com/webcd/app?

Equity in this situation almost certainly does not equal any control rights, so as a minority partner, you better really trust the developer, both his ability to get the job done right and not run off with your money.