I feel like I'm playing Monopoly, haha.

Anyone who plays an alto sax should have some space around them, unless it's a commune of musicians!

This deal is thin,$5K in repairs,equity is too thin,rent spread is too thin, Possible play: get an option to purchase via sub 2, record the option, sell the option to your investor buyer.

By the way, I read your blog post about playing to your strengths as an investor and really enjoyed it.

I pretty much just play softball, pickleball and golf these days and don't pay a lot of attention to BP.

I don't play that strategy, however, if ever it will be a flip and you do not want to rely on the market appreciation to assist you, then you must buy right now.Assuming $600k is the current ARV and $60k to get it there, your max offer should be $390k (75% all-in - purchase plus rehab).

Then we will retire and I get to play real estate investor.

However, my policy is that I won't offer a financing solution if closer than about two weeks because there's so much work to do in a compressed time period.If a tighter time crunch involved, I've got dozens of ways and plays to approach and sell based on being in a "salvage mode."

They are making a long play because they bought the land for pennies on the dollar.

What I was going to propose to him was that we both are on title to the property, he'll wire the money in straight to the title company on the day of closing, and on the back end, we split the net profit 70% to me and 30% to him (even playing around with 60/40 which I think is more appealing to him, and I'm ok with).