Since we have all documents signed, and nothing recorded or funded at this time, they are clearly going to have some legal issues if they don't make it happen today.They claim they have not recorded yet as they wanted to insure things where as advertised...

Whatever you do, make sure you run a full screening package (credit, criminal, and eviction) on all applicants as well as an address history report to check their past landlord references.

The app is: Free PDF to Audio Offline - Reader : Professional Read of Your Text Documents - Fast & Stable by Peris Copehttps://appsto.re/us/ZhUYab.iIt's not great, and the voice is very "Siri-Esk".

They have no credit history, income is limited, I'm kind of surprised they found a mortgage broker that would even talk to them.

I also tend to think most JV's are not proper joint ventures and are more like two folks, albeit entities or people, trying to work on something with a very loose document tying them together.  

My biggest tip for you is to be super organized and use software that can help you keep track of prospects, tenants, property information, legal documents, you name it.

You lose 6 months time of cash availability (perhaps 4.5 months since it does take time to get the refinance) where you may have been able to buy 2 or 3 more properties in that same 6 month time frame using my method rather than buying with cash.With my method I pay no lending costs with my first purchase since I use loan documents already created by an attorney for another loan for which I participated. 

Sorry Bay Area readers, your $1.2m fourplex house hack will still need to be FHA 3.5% down w/ FHA MI.You will sign a document promising to live in the home for 12 months.

There was some environment problems in Sugar Creek in recent history that crushed the prices in that area.

The latter half of this document you should utilize the principles involved in the second part of your question – how "could" this property be doing?