We stay with our borrowers through out every step of the commercial lending process to ensure the loan closes properly and in a timely fashion. 11 Capital Finance personally handles all title insurance issues, property insurance issues and does all of the coordinating with every party involved in the transaction for our clients.

You just took one of the most difficult steps in real estate investment; the first step.

Whats the first step I need to take after we agree upon a price and numbers?

Now this is different from our initial meeting and his take was that the house would sell and at 320K.

What are the steps necessary to reclaim ownership? 

Just to clarify your initial post, are you looking to invest in multifamily or are you targeting multifamily investors as clients? 

The next logical step is looking at the town next to me which is a college town.

Get a more in-depth feel for the types of deals that your new friends like to participate in, their risk tolerance, etc.Step #3- Find the appropriate deal that would be a good fit based on the criteria you learned in Step #2.Obviously there are a lot of nuances to buying property, forming syndications, etc but I just wanted to help kickstart you.If possible, I would rinse and repeat the above steps, while attending Dave Lindahl's Ultimate Partnering in September and @Gino Barbaro's event in October. 

You’ve definitely taken a great first step in your real estate investment career.Happy to help in any way I can.

Large lenders might be less likely to notice, provided you take appropriate steps like placing the property in a trust first.If you've never done Sub2 before, I probably wouldn't start with a $2MM deal.