If the clause results in nothing more than a higher rate of interest - not exorbitant, just cutting into your profit - that may be OK.

Do not cut any corners to make something look better.  

There are many high net worth individuals that will sign on the note for a cut of the deal.

Biggerpockets.com was identified as a fantastic resource.I am branching out into seeking investment rental property for my clients, and it looks like this is the center of cutting edge collaborative success.

You broke that rule by failing to search the real property records to discover all liens against the property.Rule Number 2 of investing is: Cut your losses short.

I have found similar software for free but I was hoping to cut down on the research and trial hours by asking you guys!

If the numbers work, do you think it's possible for me to pull a heloc of my own home for a down payment, then somehow avoid using a realtor do cut down costs?

.--------------------------- Yes....That is right as per FNMA --  but some commercial lenders will go to 80% as NOT written to FNMA guidelines.Type up a generic application...pull your credit online with all 3 scores...then fax it to two or 3 or four lenders...with these instructions.1) They are NOT TO pull the credit again as your trimerge credit is included  - so no more inquiries and then they do not know who else is looking at the deal2) They have then job history and debts --- and property address so there is NO REASON they cannot give you a very accurate good faith and the property address will allow them to pull a title profile and an online AVM appraisal ---  so they know 100% what they are getting into .Because I serve three states and many times drive to see clients and properties  I do this process upfront on all my deals - so cutting the conversation very short with a bad deal.

In the end, we chose the latter because we were not sure if we would be able to stay under 75K and that our bank account might end up cutting it close if we ended up holding the property for much longer than 4 or 5 months.

Put any money down or buy for $270k and you cut $125/mo off so you’re under $1400/mo.