The communication and what is available often gets muddied the further you go down the chain from the direct source.If they ask you for any upfront fees RUN as fast as you can away from them.There are numerous posts on this subject.It sounds like your whole premise of making the deal work is the financing.I have not seen funding at the levels even close to where you were quoted for a non-performing asset like that.Too many other performing loans that are less risk for a lender to lend on at those low interest rates.Typically unless paying all cash for the deal the value add buyer does not want to use private or hard money because of the very high carry costs (interest rate),points,short term of loan to refi costs,etc.Instead the value add buyer will try to get the current owner (usually a bank) to finance them at good terms and the buyer injects some of there own cash to get the property performing.The debt service is much lower in this situation and funding is easier.I can see a bank that owns the property giving those terms as they have an interest in getting the non-performing asset performing again.To an outside lender it's just a new loan and they do not have the motivation to get creative with it.

As an Appraiser, I would approach it in numerous ways.

In my county you can have numerous units on the same well but only one unit per septic.

I've found numerous "standard" forms online, but should I sit down with a lawyer?

Rehab estimate was provided by a friend that has done numerous flips/rehabs in this particular area.

I know there are numerous books on rehabbing,sub2 and lease options, but are there any for the individuals interested in wholesaling?

Not an exact quote from numerous medical studies but more of a synopsis.BTW; just to brag a bit on myself (and say "bite me" to just about every authority figure in my schools, except my Senior year Guidance Counselor, here is a short history of me since '66.Drafted into military, ended up spending 9 years doing that, a couple of combat decorations, started my BS while in service at the urging of my Colonel who told me my talent would always be wasted in government service, finished my BS in about 30 months of starting, despite several extended TDY assignments.Held 5 jobs within the first 3 years after getting out of the service, and had started one company, later sold.10 years later I had 5 rentals and an MBA5 years later I had 10 rentals and had started a second company5 years later I had quit a job after 17 years that was paying pretty da** well, started a partnership (dissolved within 3 years) and had 16 rentals, all paid for, owned my own house free and clear.BTW, despite my stellar 1.3 GPA in high school I had a 3.7 in college and a 3.8 in graduate school.

The ab-normal stems from positive self perception at all times.There is everything ab-normal about your actions.

So anyway, BP is caught with this liability with no insurance and before the loss is even done, Obama has essentially put a cap on the amount of payouts BP will incur (at least in public perception which, let's face it, is where this drama is being played out).

Between this forum and 4 forums on real estate and politics and a another one on crypto and other subversive subject matter it gets very time consuming and often I lose concentration on matters when I have numerous windows open for engagement.