You are apparently good at doing your research, trust it, and your gut, no matter the seasoning of an investor that wants to "help" get you a good deal.If I had not done my own analysis, and had agreed to some "great deals" from a very "seasoned" local investor, who "befriended" me, I would have got stuck with numerous properties that I could not have sold retail, and I would been stuck with rentals with terrible loans, in a business model I had no interest in.Sometimes a lot of seasoning just covers up bad meat.

There are numerous ways to write them - you can google and see a ton.

I tell them actual numeric credit scores aren't really as important (although I like to see them be higher :wink: ).Also important is job stability and earnings; annual income divided by 36 is approximately the max rent per month they can "comfortably" afford (basically, monthly rent should consume less than 1/3 of monthly income).

Ok here's the background info: 225 Unit - Class C Property in TX $535 - 1 bedroom rent, 100 units $710 - 2 bedroom rent, 125 units Monthly/Annual Potential (Gross) Rental Income - $142,250/$1,707,000 60% Occupied Annual Actual Expenses for 2009 - $800k Roofs need repair, numerous code violations (electrical wiring exposed, stairs to 2nd level need to be replaced, support beams for 2nd level need to be replaced), A/C's are old and some are not working.

"Then there are other clients who made honest claims" This is a problem of perception that investor's can't afford to have and why I keep relentlessly posting on topics of insurance.

We are in the process of finalizing our business plan to present to lenders and other investors.Although my partner and I have not done any rehab work as of yet, we have numerous years experience in the new construction field for one of the leading HVAC/Plumbing in our area.

There are numerous highly qualified real estate attorneys.

Hi Michael,You can definitely find decent B class multifamily complexes showing around 9% net cap rates.We are currently negotiating on a deal in Ohio showing a genuine 12% cap.Also, there are numerous private lenders that will lend to foreigners.

This one wasn't a HUD but it was a comparable house in the same area with nearly the same asking price.Hopefully people's negative perceptions of HUD will keep most folks from bidding on this.

For numerous reasons we decided to pursue both the buyer and the seller.