While I have not gone through the process for a PA Sheriff Sale purchase, if the borrower had a free and clear property, I would lend against that free and clear property and the borrower could use those funds at a sheriff sale.   

Any deprecation expense/recapture for/by the seller prior to the sale is no longer relevant.As far as loin points, not sure these are amortized at all for tax purposes.

He asked Rick to call me at 9:30am Friday to clear up the fact that I was not currently on their list but offering me to come and meet the team at 1pm.

So, focus on developing a strong personal brand alongside your business brand, be consistent in your social media posts, and share educational content that showcases your expertise.When I look at social media from people who are doing it well, they are always educating ...

The mortgage will be paid off at closing out of the sales proceeds. you’ll get whatever’s left after that. 

I would be considered small at this point.  

Biggerpockets claims that these leads convert at a 12% rate.

Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?

Again, could be above market value depending on how badly they want it at that time.Cons:-The clinic could shut down if the city/state passes new laws.  

I have contacted couple of real estate agents, they want me to fly in to look at properties.