I am going to focus on being a great listing agent and making sure I know possible conflicts when combining my RE Investing with my RE career.

Terms of sale, 100% of combined debt secured by the house.

One quick easy way is find out what your commercial loan LTV will be (say 75%) then find out what its CLTV (combined LTV) will be allowed by the lender (say 90%) and then ask the seller to carry back the 15% as a second.

All of these factors weigh in on determining what you have there.The other thing I would investigate doing is to see if you can take the separate parcels and combine them into one complete complex.

It looks like a bad combination of a shady selling agent and a crazy owner who cares more about perceptions with neighbors than getting out of their mortgage.

For both properties combined, the cash flow is about $112 before maintenance.

Feel free to reach out to me if you are interested in comparing notes or combining efforts.Thanks,Glenn

Property appraisal value: 265KBorrower's down payment: 79KYou 1st trust deed: 132KSeller: 2nd trust deed: 70KTwo year balloonIn addition to the high combined loan to value, what else should you look at to evaluate the risk of this deal?

To that degree, the combined collective of minds by leaps and bounds has forgotten more than most of the guru seminars folks ever knew.

My annual combined net deal profit goal for the last few years is less than yours but not by much.