If the tenants move out you're going to be selling an empty house...you might have to pay for staging in order to get close to what you could sell for with it nicely decorated.All-in-all I think the odds of this working out in your favor are pretty low.

Do yourself a favor and start getting ball park prices from local builders for a 3200 sq ft home, then call a modular company for a price.

If this is your first syndication and you are recruiting investors that haven't invested with you before, it'll have to be a pretty amazing deal to sway the risk/reward equation in your deal's favor.

Percentages say more times than not the prospective tenant is lying outright or by omission.It's human nature to want to paint an innocent picture and slant themselves in a favorable light.

Much more favorable than hard money rates in the area, and I realize now the predicament loaning $ to friends or neighbors put you in.

Do yourself the favor that YOU deserve [and makes me money :)], and say yes to free money.

Do me a favor and don't drive down spring cypress and tell my mom about my wicked laugh - she'll get concerned :)No seriously, I know that area really well, and now that I'm back in the Great State, I want to get into some deals down where I'm comfortable.

Also I have a few buyers that I know will want to snatch this up because of the favorable spread.

In the "it depends" answer category, should i stick with whats common in the 'hood, what the best looking homes in the 'hood have (i am tending to favor this), or something else?

Therefore, it's reasonable to assume that the seller (again, assuming he's not an idiot) is going to negotiate a deal that is very favorable to himself -- at least 50% of the profits if he's smart.