You typically need to have skin in the game, but at the same time you certainly don't want to drain all of your personal reserves if you don't have to (i.e. if you used up all of your reserves on a traditional downpayment w/a bank - not only would it be gone, but then what's next?

Typically for a bank it is 25% down on a four door, and 1-1.5% rate above prime (above best rate) for an investment property.

Typically a 3/1.5 slab with a carport is $900 a month around here in old town and you get to a 3/2 with a basement and single garage you are up to $1200 to maybe $1400 depending on location.

Does this property have any crazy features like no parking, really really steep steps, located beside a manufacturing facility, really steep hill tenant has to take trash down each week or anything else?

Real estate offices split commission typically starting at 50/50 and go more in ur favor on a yearly basis based on how much you sell.

As a starting point for screening absentee owners, I suggest these parameters:- 40% equity or more- at least 7 years ownership- 3-5 bedrooms (I'm assuming you're looking for SFH)- Not corporate or trustee owned A cool feature from Listsource is the ability to find properties based on geography.

(the seller is sick of dealing with RE agents and offered me half a typical RE commission).I have a great rapport with the seller and am happy to help them out, and wouldn't mind the extra cash.

Paperwork wise, you would typically have a promissory note and a deed of trust, mortgage or whatever security instrument is used in your state.

Typically in a syndication the promoter will put in some of the money if they want an equity stake.

I think typically it is two years proven by your tax returns (Schedule E) or 30% equity in the property.