I know the terms... and did buy my 2nd rental subject to the HML in place... but my knowledge of particular situations is pretty substandard.

There are lots of ways to use your cash, credit and knowledge to facilitate a deal and profit.

I'd want to have a lot of knowledge and understanding of what I was getting into before handcuffing myself to an "asset" that could dominate my energies for a long time to come.

The guy shouldn't be doing this as his knowledge of flipping is so bad I wonder why A&E would pick up this guy.The only upside to the show is Kristen.

My investing knowledge is at a beginner level.

That being said my experience tells me owners, who have little knowledge of their market base their asking price on what their needs are as opposed to what the market would pay.

I had one tenant who got a pit bull without my knowledge or permission, and when I found out, I had my attorney send her a Notice to Quit.

There is alot to cover and I'm sure it will end up in a mess for both of you as it's clear you have not been doing this long enough to gain the skills and knowledge to pull it off.....so my suggestion is to pull that option and get things set up first.

It takes time, it takes understanding, it takes gear.If you don't want to be a photographer, hire one who already has the drive and knowledge, and save yourself some brainpower for what you're already good at.

Also, these concens go through plenty of political checks, city councils need to approve, the public housing authority signs off as to the needs not being met, your state representatives have input as to the project does not unfairly compete with for profits in that district, the state economic development folks review the projects and in some places the Governor may sign off.