We will be raising capital, offering 8-12% returns to investors, but we first need a track record, so we chose to find deals and finance them via Seller Financing, combined with Hard MoneyProblem is, no one wants to be in 2nd position for a mortgage, and all lenders ask for cash of our own up front (several hundred thousands, which we of course, do not have)Any suggestions?

(vii) Any deductible portion of an insured loss concerning the Building or the Common Areas.

Depending on how much capital you are willing to bring to the table, but if you're willing to bring a large chunk of the required equity, some Sponsors would be willing to negotiate terms for a GP spot and a bigger opportunity to learn from and lean on their expertise.

Although small in the scheme of things, these investors have plenty of capital and a network more, so I need to deliver.

Any info on capital gains tax and what that looks like in NJ?

I really want to buy their home and turn it into a rental but I don’t have the capital.

The idea is this:  I might make $1,000/ month buying out of state in cash flow,  but I can deploy the same capital to make $3,000/ month in appreciation here in Oakland over the long term 10 - 20 year time horizon. 

I really want to buy their home and turn it into a rental but I don’t have the capital.

I have not had the units rented due to the ongoing renovations but I believe they could rent for around $2100 in total rent from the apartments and the storefront per month.I am interested in selling this property as I don't have the time or the capital right now to finish the renovations.

As for HOAs, they aren't cheap but they reduce your insurance costs, and assuming you have a good association they take care of capital and maintenance costs, so it's not like the money is thrown away--you're basically just outsourcing certain expenses via that means.