Welcome @Joshua Fair I live just a few exits below you.

Then figure out what you might want to do with the property if you can buy it (wholesale, flip, by and hold) - in other words what are the exit strategies.

And, you won't have enough equity in 3 years to refinance, you'll likely need to be at 75 % LTV if you're lucky most likely 70%.Always talk to your bank about the exit loan requirements before you do a seller financed deal!

Too hard to manage (even with a property manager) and I'd be worried about an exit strategy with markets that I didn't live in and may be unfamiliar with.Best of luckMike

A smaller unit would appear to have lower maintenance costs but if the complex needs a new roof you'll need to reconsider earlier calculations.Consider your other exit strategies as well.

Hello friends,I am very curios to get the opinions of the BP nation on which is better to operate with when my exit strategy is to lease option the property subject to versus cooperative lease option?

But because of these people that are all aboard when it comes to the plan and exit strategy (which may include holding a property) we thrive.

Taking hard money without knowing the end game or exit spells failure. :)

In forming the LLP it is very important to in the operating agreement to structure roles, exit of the LLP( for instance whether you just want the partnership for 1 deal or to continue for several.A additional method that would have a better tax advantage would be to create 2 business trust, that partner in a LLP or LLC.

@Manolis Sfinarolakis We would have to review everything to really be able to make that call; the underwriting occurs on the person, the property and the overall proposition (market, exit potential, etc.) so there is no definite terminology for experienced vs. inexperienced.