We brought 50% of the capital and I'll handle the financial side.

Hello everyone, So a few days ago I found a small hole near my sewer lines in the basement where water was gushing out. I called a plumber and City PWD for inspection since I didn't want bigger problems (enlarged hole...

How have others handled this?

My friend wants to buy the property he is renting from now but he doesn’t have the experience in real estate or the time to handle a deal.

@Neil Smith, I'm sure there are a LOT of different ways to handle these things. 1) Tracking income & expenses such as rents, repairs, rehabs, etc I use quickbooks online and have a bookkeeper handle it for me even though I am a small operator.

I wish life worked that way....Costs you need to understand from your servicer are boarding fees, servicing costs. if there are extra costs for tax and insurance escrows, if their costs change if the loan becomes non performing, how much $$$ to send a notice of default for non performing notes, and how late fees are handled (I have seen some keep all late fees, some split them 50/50).To calculate yields I use the 10bii app.  

But I must commend you, you did handle it the correct way getting a professional involved. 

Not sure how that would be handled. 

If the housing is priced right , determine if you can handle the 20 % down, closing costs and a little aside for what ever comes up. 

It seems lenders don't like off grid loans because fewer people are interested in buying them so they're harder to sell if the borrower defaults on the loan.Does anyone know an Oregon lender who does handle off grid properties or have any suggestions on one?