Personally no I would not consider notes as doors for the purpose of my strategy at this point in time.

Make sure you have an exit clause / addendum, should a buyer is not found in time or you learn of some additional debt that screw up the numbers....

The house next door was 3 bedrooms and the owner said she was going to wait a couple years and then sell for $180,000.I walked through the house and it was like going back in time to the 60s or 70s.

I have had to rewire a two family before due to knob and tube wiring (which was not a pleasant experience), and would prefer not to rewire this whole six family, which would definitely be a deal killer.

I asked if he would tell my landlord what he told me and he gave me his direct line and said he would happily do it as its a matter of safety.I ran back to the house just in time to catch my landlord (a practicing attorney) returning and told her all the information I learned.

I'm working real estate agent, but at this point in time it seems like all the listings on the MLS are too high in price to invest for positive cash flow.

If they need to make 7% cash flow to be happy and you know this is gonna make 12% returns, then promise them 7% and let them be pleasantly surprised when their portion is 9%.There will be an operating agreement for the LLC and you'll probably need to get some PPM documents drawn up unless you know these people really well.

I would like to recall the scenes from the movie "In Time".

I would think that an ARM has no place in an investors toolkit at this point in time.

I don't intend to work as an agent for a local brokerage at this point in time; I'd like the tools and networking opportunities more easily available to agents.