The buyer puts a 3% earnest money into escrow, the buyer has an inspection contingency period inspect 7-12days depending on house and structure of your offer, loan contingency period 10-17 days depending on lender and speed. 3-4 days before closing you and your clients do a final walk-through of the house.

I don't know exactly when/how those will impact supply, but it has me thinking maybe to focus on 3br's for now (assuming 2br and 1br will be bloated and rents suppressed for awhile).Are there any local groups or meetups you can recommend in Moses Lake?

For example in the city I live there are no rental licenses, electrical permits are through the state, and the city requires permits for plumbing and structural building changes. 

So I am looking for suggestions on a fair way to structure such a partnership, or is the only way to do it, to have him get 50% of the profits, while me and the other guy get 25% each? 

My first questions to get answered are always:-  Do they have an existing mortgage or do they own the home free and clear (if a mortgage is present, do they need to pay it off for the deal to work)- Do they need the cash or do they want a prolonged income streamAnswers to those questions can help understand some of the key seller motivations.A typical seller financing structure would have a down-payment that would range from $10-$20K up to 10%-20%.Interest rates typically range 1-4pts over residential real estate mortgage interest ratesIf the seller wants long term cash-flow, the term can be 10yr-30yr.   

I am hoping to get some feedback from BP concerning the housing supply near OU, and in general for Norman.

I own 3 facilities on opposite ends of the country and use a 3 pronged remote management structure that seems to work really well. 

SFH debate given the condos appear more like houses vs. boxes in a high rise.Anything specific to look out for with the ownership structure?  

Supplies, cell phone etc $3kHome office $2k.His 20% deduction is $12k (20% of what is left)His actual tax savings are maybe $4k.

I think your results speak volume for the work you are doing.Can I ask you how you structure your deals?