AND it is very unethical to reveal the contents of any other offers received.Chill out and have a beer :).

Master Leases can be used for a variety of reasons, and most are not scams.

That would be good to, but there is a way to assign the contract, but a magician cant reveal all of his secrets.

These are the numbers on a triplex that I purchased 2 years ago:Cost: $255,000 Gross Income: $36,000 + utilitiesNet Income: $27,000Cashflow: $15,500Cash on Cash Return on $56,000 investment: 27.7% per yearI would definitely recommend multi-family, as your cash on cash return is almost always higher than single family for a variety of reasons (more income, lower vacancy, CCA, etc.).

@Anthony BeckemeyerWhile either transaction on it's own may not be a prohibited transaction, looking at both transactions could reveal a more problematic intent.

I did recently send out a LOI which I will reveal later, but would like to hear any and all thoughts or questions first.

In old homes every wall you open will reveal even more problems than you started with.

I would put him in the good friend category, I would be doing this for profit more than helping a friend, so this would be of the business venture variety.

My wife and I manage three dozen properties for a variety of partners and investors.

A 3rd party knowing that person's name, dob, ssn, where they live (not just what they say, but also their address according to tax returns, photo ID, paystubs, bank statements, etc), what their contact info is, who their spouse is if married, what other associates they might have as revealed  by joint bank accounts, what AKA names appear on their credit report, what OTHER addresses might show up on said credit report (often family members), car loan numbers that can be used to identify model/make/license plate of car to look out for, and so on.