My opinion, if the acquisition is $30k, rehab is $15k, and exit is $70k, there is not enough spread to do this deal.On a hold, $45k all-in with rents at $900, you have a buy and hold opp.

Refuse to sign the agreement, demand your money back, and let them know that if they don't give it to you, you will be filing a complaint with the BBB, the attorney general, and going to the media.

35,000 new members in 11 months would be quite the challenge, particularly since it took several years before we reached 65,000.That said, if we ALL invite others, spread the word in all means possible, we could do it as a team!

Essentially what I read especially when sandwich L/O come into play is that you only need a narrow spread on income vs expenses (either rent paid to owner, or PITI if owned), since the maintenance is passed onto the tenant.

Uwe,That seems like an awfully large spread based solely on utilities.

This will give us more capital and spread the risk.

PLUS it "spreads" my risk.

Kind of like flipping a house but instead of receiving your profits in a lump sum when you sell the house, you receive them in the form of a mortgage payment from the end user spread out over the life of the owner financed loan.You could probably do the same thing by selling to a landlord as mentioned by some of the other posters, but your spreads would be smaller.

I sought some advice from a few coworkers whom are knowledgeable in the RE field but were big talkers and word quickly spread about my investments (my mistake).

You then assign your contract to the new buyers and the spread is your assignment fee.