Also, that if I have any suggestions on homes to flip that he ends up purchasing, he will cut me in on a slice of the profits! 

It doesn't matter how they slice and dice that up.

Eric, sorry I don't have any stories of getting ripped off as a lender.....none....notta, not that some didn't try.Any time someone came in (mostly commercial deals) as if they had just found the best thing since sliced bread and were overly ecited, I get leary quickly, over-selling a deal is just a tip off that I'm not getting the true picture.The concept of dual control of adminstrative functions is a good way to limit issues.

New Investor here, thank you in advance for your insight and patience.

I'm casually looking into a few different 4-plex's in the Houston area and several of them seem to have been a part of a large apartment complex ...

The reason for the large lot is this is an "L" street and this is at the crux of the "L", causing it to be the shape of a slice of pizza.

So it looks good no matter how you slice it.

Multiple heirs can be difficult - too many conflicting interests and everybody already has plans for their slice, making price drops difficult to achieve.Stay at 65 or less.

Hi Account Closed In the words of Alice Cooper, "If I may put forward a slice of slice of personal philosophy..."

It seems like you are taking on an enormous amount of fiduciary responsibility and baloney for $1-5K slices.   

I'm looking for a certain slice of the rental market, in terms of MLS sold lease listings, and will work with you back from that starting point to identify a few potential purchases and close one.