To make a really long story short, I have just completed a Short-Sale of a single-family home a business partner and I built in Horseshoe Bay, Texas, right outside of Austin, Texas.Our Operating Agreement states that we are to split 50%/50% of all expenses within the business and treat any unexpected monies due as loans and paid back equally amongst the partners.

Vanilla) 0% Down and 0% interest, 20 year term, Sellers's Asking Price- 8.314 Million-This would be ideal, the monthly Finance payment to Seller would be 23,094.44 and the Rents will cover that and leave another 10k in cashflow.

I’m willing to invest in any market that supports long term rentals! 

Now it is a single-family long-term rental.

We decided to team up and try to take down our first deal together because they had reliable sponsors to sign on the loan and it seemed like we were working well together, at first at least.During the same time a different student that came through the high pressure three day course with us found a deal and had my partner help him underwrite it.

This deal was financed with a 10% down second home loan.

And what's the long term vision: Is this 1 house or you plan on building out a portfolio?

For a property like this, even in California, I would anticipate at least a +7% CR.Additionally, betting on appreciation is speculative and not the best approach to long-term investing.

Loan of 325K at 2.85%.

We want to use a FHA loan to purchase the property.