More likely to happen is the bank says you payoff family 200k and we give you a straight first position up to 75% ltv.The 525k property you are pretty much at 75% ltv so nothing much to do there.Your personal residence about 710k pulled out with 75% ltv.You have about 1,800,000 equity combined to draw from.

Since taking this position I have been obsessed with learning everything from becoming an agent, investor, or a combination of both.

You can find utterly stinking piles of crap which have great cash on cash returns that look good but are bad investments. 

Sounds like it was a combination of yellow letters plus good, old-fashioned hard work that got the deal done. 

I mean if I combine the two companies into one entity.

Cashflow, appreciation, some combination?

I actually used a combination of those to find the HOA.What I did was go to Google Maps - I couldn't get the street view of the house because the google car can't drive through the gated community - so I used the little yellow man to identify where the street view would be for the front gates of the community.

I have decent "boots on the ground" but there is so much crap that happens it is hard for them to deal with it all and for me to keep on top of it.Properties are cheap, they will NEVER appreciate, rents are low and the quality of tenant is not good.  

However, they have crap credit do to a variety of reasons but now that he is getting back to work from a period of unemployment, he is an oil field foreman, they are ready to buy a house.Our friend actually wants to purchase our old house and pay it off in literally 3-5 years. 

Are these types of deals analyzed by cap rate, appraisal of each individual unit or a combination?