Hi family,We are in the process of potentially entering into our first REI deal.

I enter into a lease option with the sellerThen assign the deal for an assignment fee from the buyerThe buyer pays the assignment fee

You need to analyze each property individually, then determine if the package deal price is actually a good price.   

Proposed deal:$15k down$135k purchase price$15k loan payoff feeOwner financing 1-yr balloon with 20-year amortization at 5.5%Our PM charges us 8% of gross rent as a monthly fee.The problem that I'm struggling with is that the units are not individually metered, and the rent includes all utilities.  

They want the deal (there first lean position) to protect there money and not the individual..

The interviews are great individually, but the real magic is hearing the repeated concepts and observing the common threads.

I've looked into what would be required and come up short.Since I don't know all the individuals involved, and they're not accredited investors, I've read I would have to file with the SEC if I wanted to lead this LP.  

After the crash, the individuals net worth, credit, score, liquidity were then put front and center. 

@Doel GonzalezYou and your wife can purchase up to ten properties in each of your individual names.

I think maybe I need some type of a 24 volt timer that I can wire to the individual zone valves (each unit has one zone and one t-stat.