Martha Chavarria There seems to be some meat on the bones of this, but you threw me off with the last line where you include max offer of 250k and 229k profit.

In addition, I tend to do things like install quarter-turn shutoffs on all the water lines, make sure smoke detectors are installed, all lights are working etc.

Bottom line: advertising is now OK for a Reg D rule 506 placement.

I was also thinking somewhere in the line of this, and please feel free to critique:From net profit:I get 20% from doing all workthen my partner and I split remaining 80% into 50/50 share.

Bottom line, you've got a good deal (on the surface), but need money to execute.

in a previously life, i was a career counselor ... happy to chat off line if you'd like.

I agree with you completely but if you are not set up to develop and manage a database you can still get more deals across the line by getting better at closing and negotiating.

I've used those personal loans before and they don't hit your credit very much, if at all because they are fixed payment loan as opposed to a revolving credit line.

You may also be able to find low interest loans or lines of credit if you have good personal credit to start with...Make sure to come back to the post and let us all know what your doing and how things are going!

Specifically, you should ask about the line "Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property?"