I told them I didn't want to do the consortium deal, so they offered me another one where I would need to pay a 30k USD down payment and have an EIGHT PERCENT INTEREST RATE.

Most multi family is on one furnace/boiler and the landlord pays the heat.

With the current rental you intend on selling to pay back the private funding, does that cash flow for you?

Also, I would like to buy it cash to get a better deal out of it and not have to pay for any interest or loan fees.

Unless maybe because he has those funds in his business account it’s considered an asset on his PFS until he has to pay it back? 

I would pay the 2500 but I dont trust the seller to get the place to pass.

All other things being equal, a high quality tenant pays lower rent than a low quality tenant for the same property.

To which I turn to the most trusted community in RE.Myself and two of my business partners are looking to start our journey in Real Estate development and am looking for some advice, we have experience in owning and managing rentals so none of that is new to us...just building the thing is.We are looking to start developing duplex homes across the Chicagoland Suburbs but cannot find the right person to talk to that can give us a clear idea of where to start.

Had one this month tell us she isn't paying rent until she gets an eviction notice.

I have no credit debt and $12,000 of student loan debt I'm looking to pay off within the year.