Sponsor B may only offer 40% compared to the Sponsor A 65%, but the LP's in Sponsor B's syndication will fair better because far less capital is required.

This can get complicated if you are racing against time between getting it sold versus the banks take over.Can you get it sold at a high enough price to pay off the mortgage or is the owner under water?

It offers one of the West Coast's deepest water ports and there has long been proposals to develop the facilities and capacity.

While your terms are solid, and afford a great opportunity for people, I would never recommend that a buyer pay over market value, putting themselves under water.

I would have to do a 5% conventional loan to avoid the self sustainable test required for an FHA loan.

If your state requires you to send receipts for repairs enclose copies of the receipts.

The pipe bursting caused extensive water damage to the second and first floors and about 4 inches of flooding in the basement. 

(BTW, I've created a spreadsheet to estimate the rental income required to qualify for specific properties and am happy to share it with anyone interested).After conducting some research and attending open houses, I found very few properties that meet my financial criteria within San Diego.

There are two separate electric meters on the property with a well for water.

Prepare some money upfront because that would be required prior to final settlement.