Then it ends up being higher closing costs, a higher rate, and typically a short term (like 5 years) with a longer amortization, and you are basically forced to refinance the loan every 5 years.

Hi BP, I have posted some basics of this property already.

Basically, I would be getting the loans and putting up some of the money and they would be putting up the rest of the cash.

So this is a for sale by owner property....basically just turns out to be a guy i know who is looking to cash out of his investment after about 10 yrs.

Below is my basic math for my investment: Annual Interest N (years) PV PMT/month Monthly Rental CF 4% 30 $ 180,000.00 $ (859.35) $ 1,500.00 $ 640.65 The 180k price tag is not negotiated yet.

I'm pretty sure its legal but I might have to check, basically I was going to give my parents the money and have the investments be in their name for the time being.

Everyone is is basically in a "let them eat cake" situation.

It sounds like you have your spreadsheet model basically created.  

It's basically a CostCo for restaurant owners.There's one in Alexandria.

Basically, you will be sacrificing 15 years to acquire 1 more property.