If the numbers work out and you've done your due diligence, then it's a deal.  

Keep in mind that it may not work out with that investor.  

IF ya'll can't work out the "easy" stuff it could be the beginning of a really bumpy ride...Every area has its rules and regs, but when we posed the same question to OUR accountant, he said, "Put your agreements in writing and have all parties sign it, in front of a notary.

However, in this case, it may not work out as I am under a tight time restriction and these loans can take 60+ days to get sorted out.  

I dont want the bank to come after me if things don't work out as planned.

That doesn't mean it will work out once you own it.

Those who dabble and quit are really just hoping that it will all work out.  

My idea would be that someone wants me to be there property manager, we work out a price that is under market rent say a 800 a month house is rented to me for 700 and I sublet it and keep the difference.

You could go to the auction and Introduce yourself and say I noticed you just got a great deal on that home, If it doesnt work out for you I'd be willing to take it off of your hands or I'd be willing to partner with you on the rehab, I have xyz eperience in these areas.. give me a call and lets make some cashola! 

That it is really important to work out who is resposible for everything at the very beginning.