If the spreads are equal (% wise), I'd take the lower priced property to minimize downside risk if I didn't know what I was doing.

Once you come out of the dark, the networking and dealmaking capabilities start to shine and it gets really fun around here!

You need to ensure that their upcharge is minimal (0-10% depending on what they do).

If you want to get cashed out, you'll either have to wait it out OR you can seller finance, then turn around and sell the paper.If you do carry, these types of terms will minimize the discount you'll take when you turn around and sell: 7-12 years with full amortization (no balloons), 6-9% interest, and with a minimum of 20% down (more if they intend to use it as a rental).

Could it be argued that giving someone some minimal stake is making them a voting partner/manager and thus the solicitation rules don't apply.

I don't know enough about the deal to comment on the numbers, but what good would a life insurance policy do if you trashed the place and walked away ... would you meet an accidental demise in a dark alley???

I'd be interested in hearing about a lender who will go above 70% LTV with cash out and minimal seasoning, especially based on a new appraisal.

All we can do is minimize hazards.

Of course, there are desk fees, MLS fees, NAR fees, etc, but they can be pretty minimal as well if you're generating lots of transactions.

I am not familiar with that exact address, but I can tell you 1.5 miles west of that house, is not a place you would want to go for a walk once it got dark.