Each side needs to assess their own position but I would suggest an option price not exceed 10% up front.

Positive cash flow before taxes: $653/mo.----------- Disclosures to BP: Property inspection has not happened.

At this point for me, i'm interviewing for a full time position.

You win with empathy, profit later....When you see what the specific need is, how many units might be required, what support there is and who will participate then you can formulate your position.

Specifically stating the business purpose will help protect you in dealing in those activities, such as financing sales...say such does not mean you will or must do something.You might also incorporate limited partners as limited members so that you could take on future partners in a deal without giving up voting rights or positions in management.There's two tips, I'm sure others will follow......Good luck.

Loans secured by a deed of trust for each investor, with the most money given by one person being in first lien position, second most money in second lien position, and so forth (or you could place 4-6 investors all in first lien position with a franctionalized note - check with your state laws regarding fractionalized notes).or B.

If you're had these properties for a while, the lender may want to see your tax returns and will use the actuals rather than the 75% estimate.The explanation from another recent thread was that if your actual or estimated rental income is positive, it adds to your income.

Michael,I was in the same position about 2 months ago with my website.

Yes, the principal reduced should be part of your financial position.

Now if you approached me for a loan and asked for 67k and would pay me 13k in interest, with first position mortgage, and the total hold time was reasonable.