i just think the public needs to be treated fairly, not led to believe they are getting something they are not. 

In fact, from my limited observation, procrastination seems to be fairly ubiquitous in our society. 

You can change the locks out yourself fairly easily, as long as everything fits up tight.  

You will want the tenant to have some "skin" in the game.

Example you buy it at 85% of FMV (fair market value) lets say from a deal you acquired through a wholesaler for a fee equaling about 2% of the sales price so you're in the deal for 87% of loan to value (market value).From this example you'd only need to  pay the loan down to 75% LTV to qualify for a refinance with no MI (conventional financing).Or you can go MCM conventional and still refinance with no monthly MI as well (cannot own any other property).

The one thing I gather from getting a mortgage is so that you can obtain properties fairly quickly. 

I feel that a reasonable sponsor/investor split is fair without the guaranteed return percentage.On the flip side at a certain point I can see larger investors and more seasoned lenders would have certain expectations and preferred returns may be a requirement.  

It's fairly sizable, probably 2.5' wide x 15'+ long.I'm trying to figure out if the windows into this shaft would count as a second means of egress, allowing the rooms attached to it to be legal bedrooms.  

This is my first post and I look forward to the help that this great community provides.I'm in the process of forming a partnership with two to three individuals to flip houses and need an experienced attorney to help create a fair and comprehensive contract. 

We buy at a fair, reasonable price, and they don't have to go into foreclosure and possibly ruin their credit record.