I have an application from 2 sisters, 27 & 23,   of a good tenant in a 3U for another unit in that building.  They have $85k income from decent jobs for a $1550 unit, so income isn't a problem. But they have no cr...

If you disagree with the implementation of these new laws (guaranteed  to  provide some work for the newly expanded Human Rights Commission!)

They just invest the capital you both agreed on and have no further risk in the business, thus why they are "limited" partners, and not just "partners" who helps run the day-to-day operation.Whatever you all agree on; if that is they just give you a verbal commitment to fund a deal, or they deposit the funds into your newly minted business account, you will both want to draw up a business agreement before money exchanges hands.Now there is a lot of legal stuff from the SEC concerning private money, and I wont be getting into it as it's way to deep for this one thread, but what I do is keep a list of people who have expressed interest in investing in properties with me.

I recently was under contract for a newly renovated SFH.

You, your friend and his dad form a partnership with your friend's dad putting cash into the newly formed entity. 

I will not hesitate to put it on the market not to let tenant make a dent on a newly constructed duplex wreck your place. 

Property is in great condition, newly updated but because of the mfg home not having tags or hud plates, traditional lenders are not willing to finance.

Fannie and Freddie have launched lending programs to allow owners of smaller portfolios to find financing with competitive, fixed interest rates and loan terms as long as 10 years.

In my "cheap homes" area I have to consider that....so if you are doing a fix and flip...will your NEWLY installed materials be there when your buyer goes to check out the property.Just some thoughts for you to consider.Amigos,Mark

My goal is to launch the new Property Directory and several other features that we've been working on.Anyone else have any goals this month?