:help: :help: :help: 485 sq ft Studio in apartment turned condo, in community that rents at around 95% occupancybuilt 1983, updated in 20031/4 mile from Palms CasinoSales price 110K, 10% down required11K cashback at closing, if financing is done through preferred lender (covers 10% downpayment)Management takes care of all internal repairsCurrent tenant renting at 605/month, on lease through 3/1/08Developer offering leaseback of 770/month + no HOA fees or Mgmt fees for 2 years (guaranteed to net profit $90 per month after taxes for 2 years)After 2 years, owner receives whatever property rents for, plus is put in a "Shared Rental Pool": a quarterly check of [Going Rent of all comparable studios in community]X[% Occupied in community]-[losses/improvements of the community].

Sounds like you have a plan... keep us updated along the way with any ups or downs, and ask questions if you have them.Don't forget to add a profile and pic!

My regular lender, local bank is willing to finance it, but requires that i put down 25% and this loab will show up on me verses my corp.

I work in foreclosure prevention, loan referrals and I recently started compiling Lease-Option/Rental leads for investors and regular property owners who are looking for tennants.

I use wordpress for all of my sites...with so many free themes and quick indexing for regularly updated content (most of my posts are findable on google within an hour or less!)

Ive seen quite a few around those numbers, and as a newbie investor im happy i now know its not that hard to find, just gotta look on a regular basis!

:welcome:It helps if you update your profile so people know where you are from and how to get in touch.Tell us more about your self and your partner.

or a regular one works becasue i dont have anything on the one i have that says assign to or anything like that?

I'm looking for opinions on a deal I have just began to pursue. 24 unit12- 1 BR12- 2 BR6- 4 unit buildingsTennants pay heat/elecLandlord water/sewer3.25 acresasking $720,000 or $30,000 per unitSmaller mid-Michigan town near expresswaySome updates have been done, for the most part apartments are worn.

I know everyone says contact an attorney to do this, but how do you go about finding an attorney who knows about this type of thing and does it regularly?