They might sneak in some weasel words, like advertise it at a 7% cap rate and then in the OM mention that that's proforma, and actual is 6.25%, for example.

What does the 15,xx % in the above example actually mean?

Found many of my listings in its data and the numbers were so far off what my listings actually did, that it kinda lost me as viewing it reputably.

***NOTE*** - our tenant actually damaged our front door.

The house was structurally sound, but the mechanicals were very dated and the property needed a minor facelift ($7K).

If it's DTI and they are giving you a hassle on using rental income from the departing residence - you can usually work around this by ordering an appraisal on that property or showing a lease agreement dated after your departure.

Hello John, If you have the money and you know you will take action by paying for this mentor and actually follow their process then yes it might be a good thing to help you grow without any growing pains and avoid many mistakes they have done.

@Bruce Lynn - Definitely seems like it makes the most sense for someone with a legal background or private equity.I actually believe that all businesses are similar in the fact if you are building them to scale even just a little bit they always hit a wall...this just seems like niche that needs more attention to detail and would be best for someone with a specific background in liens especially here in Chicago where we know it gets super complicated.

As far as the actual property, the contract would show your entity as the buyer and eventually you would assign the contract to whoever the ultimate buyer is. 

Once I get in contact with property owners, I have no way in Propwire to actually make notes on what was discussed, callback time, etc.