Members or partners do not need to fund activities or share profits equally.

Ryan,If you want to start investing but are limited in your funds and/or credit I would recommend starting off using investing techniques that don't require money or credit.There are many types of investing methods to use such as wholesaling, lease options, lease assignments, sandwich lease options, partners etc...I would recommend finding a mentor to teach you how to invest in real estate to avoid costly mistakes and save you time from trying to learn on your own.Also the investing technique you consider will need to be determined by how much time you have, how motivated you are and it is vital to know why you want to invest.I don't invest because I like to work, I invest to create financial freedom to do the things in life I have passion for such as spending time with my family and not having to worry about money and the stress it causes in my life.If there is anything I can do to help you get started please let me know.Remember anything the human mind can conceive and believe it can achieve.

One case I had in California was the will was drawn up by the surviving spouse and it gave the home to the daughter, however when the other spouse died they had a joint will which gave the house equally to all three kids and shouldn't have been changed because your changing the wishes of the first spouse to die.

You should also charge the tenant/buyer an option fee which should equal $18,500 or 10% of purchase price.

It's just that everything else being equal, I'd rather live in a 4 than an 8.

Lets guess one of your comps (the 3112 one) is also equal up and down for 1556 sq.ft. each.

If he does this as a hard money loan and hits those numbers, he would stand to make about $11,500.You’re stating that if this was a typical hard money deal that the interest paid on the loan would be about equal to the profit made on the property.

This aspect is not lost on me...what Dion shared so well nor what you just shared (JScott)...or what many have shared (Jon).We can go forward on the notion that I am aware of what the HOA's want me to understand.BTW: We are working closely with a realtor here in FORT MILL, SC.Perhaps if neighborhoods were more equally presented...For example...Wouldn't it be refreshing if:50% of Neighborhoods were built in an HOA...And...50% of Neighborhoods were not built within an HOA...

My banker had the house appraised and it came in at $106,000 which equals $69 per square foot arv.

I have contractors whom I trust and who I know will do repairs properly and with long-term functionality/savings in mind.While my tenants might be equally qualified and have the same level of diligence, there's no way I can know that for certain, and I don't want my rental property to have to be the guinea pig when testing whether that's the case or not.So, I agree with Jon...I wouldn't accept maintenance work over a deposit.