The seller's attorney was informed that he is not longer being retained by her client.

Retaining wall 6.

I would say or suggest to: NEVER BUY SOMETHING WITH AN UKNOWN THIS BIG: easy fix: ask someone: or go on yelp and find a structural/ foundation company (they specialize in foundations, retaining walls etc. ) : i've used them before and they are about $200 to $300 (for the assessment).

After the escrow closes, sellers often retain the right to discount the second mortgage, sell it for less than face value to an investor.

It will give your son a great way to cover his living costs and some experience with managing a rental property which will be very important if he moves out of the area, retains the property and needs to hire a property management company. 

I have not been in your shoes where one applicant has enough financial muscle to back the mortgage and the other partner does not, but those two people will help if they can.

Rent all 2 beds at 700 a week.700 X 50 = 35,000 month X 12= 420,000 gross income420k divided by 2 = 210,000 NOI50% costs is5% property management15% vacancy loss turnover30% operating and expensesSo based on the quick formula buying at a 10CAP going in the most I could pay is 2,100,000.Now this doesn't look at deferred CAPEX and a bunch of other items.This is a down and dirty 10 second calculation I do in my head to see if it's a possible or not to look into further.You have to really know the markets.Example current income is based off of 700 with many leases fixing to expire.A current investigation of the market shows competitor rents have decreased from 8 months ago and are now 675 a month.To retain many of the tenants on renewal all things being equal your rent rates will most likely go down along with cash flow.I could go on and on but this is how I do my quick calculation.

@Tyler WolgamuthFind a few investors in your area, and reach outDo whatever you can to add value to their real estate investing goalsDon't give anyone your money, leverage a different asset (like time)Be persistentSay yes to every opportunity, and build your tool belt (acquire things that help make you more valuable, real estate license, contractor license or something like this)Treat your experiences like a school.. because it is, document what you see/ learn, take notes, journal, revisit what you document, think about the process, analyze houses.. try to organize in a g-sheet or excel the investors criteria they use, identify how they invest, what metrics they track if any, what is their average purchase price, average profit, average rehab budget, average difference between estimated rehab budget and actual rehab budget, average difference between estimated ARV and actual ARVContinue tracking this information, combining books and podcast with this.Sleep wellEat wellExercise consistently, especially exercise before or after reading or learning, and listen to a podcast while doing cardio so you retain the infoStart refining your tool belt, and sharpening only a couple tools that contribute toward your goalStart saying No to distractions or things that take away from your goalWork consistently over a long periodWork your a$$ off...Good luck, keep working hard!

I can learn twice as fast by studying a subject on my own and I tend to retain it better.However, I agree with Keith that there's a lot of benefit to the actual classroom.

I would much rather use a loan and retain 100 percent of my company or business than have to sell shares of my company and give up equity and future profits for investment money.