I bought a 3br/3 bath house 2200sq ft in Altamonte Springs FL this Nov. purchased for 105k using hard money, put about 25k into it and got it under contract in Jan for 173k- all was well, passed inspection with no notable concerns, headed toward a late Feb closing.

When you have issues you have to tear down in stages carefully which costs more time and money.For lenders existing mixed use developments are more risky to finance and ground up construction is extremely risky.With you not having a track record in commercial much less doing ground up developments I do not see anywhere close to you just putting down 25% unless you partner with a developer that has experience and can back up the loan in case of default with trophy assets.

But, if you're really concerned, you can always add a stipulation to the P&S Contract that says something like:"All parties acknowledge that the Buyer is an investor and intends to profit from the purchase and resale of this property."

I am extremely excited about my future possibilities in this field and completely replacing my 9-5.

I believe that they are extremely experienced rehabbers and know their market as well as anyone, it's more of a matter of how seriously they are going to take the partnership and if they are going to take the time to work with me step by step on these deals.Anyway I'd like to hear any thoughts as to how I should approach this or if you think I should just avoid this right off of the bat.Thanks!

Concerns would of course be the distance (we live in southern CA), nature of the HOA or management, and the present state of the tourist and real estate markets in Maui.We also own a condo where we live, so far things have been okay.

You, as buyer, are not as concerned about seller misleading you.

tile floor, no bugs" after initial inspection and concern landlord was asked whether there are cockroaches, because place look, like it have them.

Joel provided great info regarding private and hard money lenders new concerns with lending to OO borrowers due to the new laws, so that could be difficult to find.Jason provided some very good advice in working to get your scores up so you could qualify for FHA funding.

(sure)It seems your concern is about the investment equity level into the real property.