I would of course immediately call that lender directly (if I weren't myself a lender then I'd have my agent make this call; good agents have strong "the lender is throwing spaghetti at the wall" BS detectors) and drill down on how many 100% CLTV commercial loans said lender has done in the last couple years, and ask for property addresses so I (or my agent) could validate from public records (which takes ~5 seconds for a RE agent or lender to look up).

So, I usually see new RE investors get their best starts by jumping in and buying something manageable.That said I think you are wise to be careful to invest in a seller's market.My advice: dig hard to find a deal then jump on it.

Would love to help you achieve your RE goals anyway I can.

We investigate and determine insulation is inadequate in the corner of the room and tell them we'll reduce rent to open the wall and re-insulate (no mold present).

RE: your question about JV's we spend a lot of time with them prior to working together explaining what we do, ho we do it, the risks and potential rewards.

Using this approach, keeping withconservative rent growth and vacancy assumptions, and factoring in the fully matured real estate tax amount post-abatement, the Y1 projected cash flow of $570,561 ($670,561adjusted down $100,000 to account for the fully matured RE taxes) would value the asset at roughly $11.4M at a 5% cap - a substantial savings from our purchase price of$9.8M.

Unless of course you have some amazing partnership written agreement that had took all little details in consideration and you know for sure that you getting $24,000 returned to you no matter what happens.Her RE license is not at risk because it's a business transaction with you in partnership and business goes bad sometimes. 

Hello BP,I have made the decision that I want to take action and start RE investing for a number of reasons but the main one being able to spend more time with my family.

Will this type of deal work for a 14-Unit or should I offer more of a preferred rate of return until we re-finance and I can pay back the initial investment?

If possible, allocate 50% of your income to student loan payback, 10% towards saving for RE investment and remaining 40% for other living expenses.