What made you interested in investing in this type of deal?

He can utilize it for the cash flow until his lease expires.b) Assign entire deal to another investor for a negotiated amount.

I own and manage 14 single family homes, all occupied nearly 95% of the time (stable rental market in my area), and currently analyzing a deal and figured why not ask for more input from all of you!

I have been lookin into pulling the trigger on deals in Detroit that are already occupied.  

I have been doing biz in the clev, markets for 10 years, 100s and 100s and 100s of deals, NEVER ONE in SH.

We tried to place an offer on one but deal fell through, and another one had a lot more work than we anticipated so we pulled out.

I agree with the previous reply about leveraging only people with a history of successful deals.

Making sure that the partner has the capital and has the money to do the deal is one thing, but lining out the agreement is another.

If you qualify you can get a pretty good deal if the interest rate is a good rate.2.

You'll need a strong lease and you'll need to have the backbone to enforce the lease essentially dealing with your peers?.