If not, the buyer will remain responsible under the real estate contract to fulfill the obligations that he or she agreed upon at the time the contract was first signed.Any release of the buyer’s obligations by the seller has to be specifically stated and in writing.For example, if a buyer signs a real estate purchase agreement and inserts language that he or she will be taking title to the property in the name of his or her wholly owned corporation, that’s not creating any kind of assignment from the buyer to the corporation.

There is no doubt in my mind that the KEY to success is living below your means early in your adult life - Delay gratification for a few years to accumulate the investment dollars and let those dollars start working for you EARLY - a client of mine (and Biggerpockets member - although I am not going to call him out here) is the perfect example - He is buying houses at a pretty rapid pace now and makes a pile of money - In fact, he is only a couple of years away (at 29) from quitting the day job to spend the majority of his remaining time on earth hiking and traveling- How did he do it?

I purchased on an FHA loan, and while this was one of the better deals that I was finding, the remaining monthly cash flow that I get is about $300.

When you say rehab is 90% complete, what's remaining?

The criteria that differentiates me from other local investors seems to be my increased deference of cash flow to cap ex, as well as the fact that I'm also looking for at least $150 cash flow remaining.

Just for reference of the forum, this deal is in Louisiana.So I think the seller actually still has $30,000 remaining on her mortgage on the property and from my little research on owner carried financing, that would be an issue, correct?

The remaining 20% is your contribution towards rehab and paid from your personal funds.

Part of what I do in providing pics to my OOS Owners, is generally remain consistent with how I move through the property and take the pics when unit is vacant.

Meanwhile, your deductions all remain passive. 

The partner's equity would remain in the property preventing the need for a down payment?