I did bring a contract with me and signed it up for 1200, with 100 depositShe wanted to live there for a month until move....so at end of month I said im ready to take it and pay the remaining money and asked her about cleaning...she said has not cleaned but will knock off 300 dollars for cleaning....so my out of pocket was $900 total.It took me 2 months (lot rent 265 x 2) plus $150 utility bills and about 15 showings to sell it (dead of winter Dec, Jan).

It was very difficult for me to remain optimistic about being an investor/landlord.Our second tenants were perfect.

You are seeking entity financing---something like this one:Documentation: No Ratio, No Documentation Main Credit Score: 400 Credit History: Very Poor Debt to Income: N/A Occupancy: Owner Occupied, Non-Owner Occupied Loan Amount: $200,000 - $50,000,000 Lien Position: 1st Mortgage Cash Out Amount: $50,000,000 Loan Purpose: Bridge Loan, Purchase, Rate and Term Refinance, Debt Consolidation, Cash-out, Heloc/Line of Credit, Construction, Forward Commitments, Equipment Purchase, Unsecured Loan, Business Loan, Equity Capital, Venture Capital, Credit/Asset Enhancement, Takeout (const-to-perm), Home Improvement - Value After Improvements, Rehab, One-Time Close (const-perm) Property Types: Five Plus Units, Mixed Use, Farm/Ranch, Condo-tel, Retail, Warehouse, Raw Land, Hotel/Motel, Office, Care Facility Housing, Special Use, Industrial, Gas Station, Other Commercial Types, Office Condo, Non-Warrantable Condo Rate Types: Straight Fixed, Adjustable, Hybrid Amortization: 5 Years, 20 Years, 25 Years, 30 Years States: AL, AK, AZ, AR, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, International Special Features Drive By Appraisal, Borrower is a Corporation, Borrower is a Church, Borrower is a Trust, Borrower is a Foreign National, Non-Permanent Resident Alien Allowed, Borrower Owns Over 10 Properties, Mortgage History Only Reviewed, Bankruptcy May Remain Open - Ch.13, Bankruptcy from Filing Date - Ch. 13, Currently in Foreclosure, (bailout), Borrower with NO Credit Score Allowed, Score Only, No Credit History Reviewed, No Form 4506 Required, No Reserves Required, Gift Funds Allowed, No Mortgage Insurance Required, No Seasoning Required on Funds to Close, No Prepayment Penalty Required, Interest Only Payments Available, Less Than 2 Years Employment, Self-Employed, Non-Recourse Allowed, Recorded Land Contract Allowed, Unrecorded Land Contract Allowed, Less than 12 Months Seasoning Refi, (using purchase price), Leasehold Property Allowed, Less Than 2 Years Employment, Wage Earner, Rural Property Allowed, Seller Seasoning less than 6 months Allowed, No Minimum Number of Trade Lines Required, Less Than 12 Months Seasoning Refi, (using appraised value), Lease Option Allowed Regards,Scott Miller

(not by me at least) and if these guys think I'm going to pay all kinds of upfront money then well, it's just not going to happen.I know we need to pay some minor BS fees but we are certainly not going to pay to borrow extremely expensive money.Anyway, we were pre-approved with a (I guess they can remain nameless at this point) lender here in Florida.

That covers your rear for the principle and is easy and inexpensive to complete.All that remains is your profit share split which if you really trust this investor and have a good relationship and history with him/her, you have 2 choices, do it on a hand shake and trust that you get your split (I don't recommend this option even if you trust them) or 2.

He is entitled to reimbursement for the remaining half from the co-owner."

Would the subject to financing remain in 1st position meaning the $90,000 (or $145,000) would be 2nd?

My buddy that will remain nameless, he is a BP member as well agrees with me.

I want to track rent due, due date, date paid remaining balance, automatic late charges, and also track management expenses and maintenance expenses.

Anything you can do to remain efficient is positive.