We have some experience with SFH's and duplex properties but have not done anything outside of residential until now.This property we are looking at has major roof issues that currently make it unsafe, but the rest of the structure looks like its in decent condition, I mean its an old brick building.

It was offered to a relative of mine as payment for services rendered, meaning we risk losing nothing here.

So the unit been off for a few weeks which means there wasn't any water dripping down there lately.

So when you state you are looking to partner with a cash investor do you mean sell the investor deals wherin they buy in cash?  

I've been meaning to go dig that up again and ask if there will be another one anytime soon.

At $390k that means $292,000 loan amount. 

As an example if you are doing a 5% down loan on a 100K house, it wouldn't make sense to go to the extra effort to have it in an LLC, I mean what would a judgement against you cost? 

If you have more specific questions or want information about getting pre-qualified, send me an email, message, or text.

Have the means for 20% +rehab budget for multiple properties.

Of those that stick around, 80% of them only sell 20% of the homes, which means they aren't making a great living.