Maybe even a gut rehab.Are there tenant buyers who would fix then flip a property that is distressed?

All in all, they offer multiple fixed rate loans, up to 30 year and ARM's, BUT at about 1% higher than today's rate...Every other lender i have spoke with wants at least 25% down, and at around 5.25-5.5%. 

Debt service could be a traditional 30 year mortgage at 5% with low fixed payments.

Also, if something big happens to the complex, like an earthquake you can be on the hook for your part to fix it. 

The trick to modeling retail is centered around evaluating the current leases.

Preferably finding distressed properties, fixing, and holding.

Technically this has been out of his control and it looks like he is working to get it fixed.

Partnership operating agreements are very flexible.You could do a waterfall schedule for both allocation of income and capital distributions.e.g.1) You're allocated a cumulative fixed annual return on your unrecovered capital contribution (6%, 8%, 10%, you name it)2) Profit in excess of the fixed annual percentage return is split 50/50.Capital distributions could be something like: first distributions are to recover your capital contribution(s), then preferred return accrued to you, and finally the 50/50 profits.Food for thought. 

I am really interested in getting into investing for fix & flips in WA State.

Hello Everyone, I am working with an out of state client for sale of his fix and flip.