On paper it looks as though both of you brought equal shares to the deal – 50/50 partnership.

Just to pick'n on the lender's side giving equal time (LOL).And, in Mo., not sure if it's in effect yet, they were talking about requiring a 4 year degree (in anything) for an RE agent to get a license, that would improve the pool.

We will go as low as 10% of total hard costs down (with a premium on rate/fee for that amount down - less cash in equals higher risk loan) for an experienced rehabber, as long as the LTV of ARV does not exceed 65%.

I am motivated beyond belief and know that I can over time turn $50k into a million.

70% ARV generally means that they want the purchase plus renovations to be less than or equal to 70% of the resale value.

I think you will be equally pleased. 2013 is so much better than 1999 ;)

Members or partners do not need to fund activities or share profits equally.

One case I had in California was the will was drawn up by the surviving spouse and it gave the home to the daughter, however when the other spouse died they had a joint will which gave the house equally to all three kids and shouldn't have been changed because your changing the wishes of the first spouse to die.

You should also charge the tenant/buyer an option fee which should equal $18,500 or 10% of purchase price.

It's just that everything else being equal, I'd rather live in a 4 than an 8.