The kitchen doesn't exist.  

You have the same $7k/mo you started with for your home purchase.Reserves should be a non-issue assuming you have retirement accounts with that kind of income. 6 months reserves is only $20k, a pittance.

Yet again, non of this is magic or beyond the realm of logical thought, so it's not exactly that Cardone has the magic dust :)Logic is key...

I've attached my own excel sheet I made as i couldn't find an existing one so I apologize if it's not in the best format. 

Most of the scenarios proposed to us by potential clients for such joint ventures would likely create a benefit between the parties and not pass scrutiny in an audit.There are many ways to safely and productively grow your IRA investing in non-traditional assets such as real estate in a standalone fashion,  There is no need to take unnecessary and foolish risks with your retirement savings.

It's hard to "shop around" to find the right realtor fit without seeming deceitful or dishonest.  Every office will tell you their agents are great.  How have you all found your agents who are strong with Chicago mult...

Also if the existing tenant moves out, the clause will end. 

If your "friend" is willing to buy the note at par, then why don't you give him a note and mortgage in return for paying off your existing mortgage... 

We've been working on bylaws, registered as a non-profit, set up a bank account, drafted application forms, discussed membership fees, and a whole bunch of other stuff.

If they are existing tenants with a good track record, and they're not doing anything that's not reversible or risking damaging good flooring, it can be considered.