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.- Get financial statements that would illustrate proper net worth and/or income.- Create a checklist of questions that would help qualify the investor and have them sign the form.- Have the investor's CPA or lawyer write a letter attesting to the fact that they are accredited.Obviously the tax returns are the best route to go.

All lenders tell them the same thing, that they need to have a reliable source of income to prove they can repay the balance of the mortgage if things go sour.

If 40% is what it takes to get the capital, that's fine, but in my opinion that's pretty rich to the money source when you have 50% skin in the game.

So I'm looking at close to a year if we only get down payment money from these sources.

If it is written properly it will be in there and you will have your answer.

Clearly, there should be value in adding this feature, and doing so properly and with a permit, so that it's reflected in the title, and i'm trying to gage how much would be acceptable to spend on central air.I've been quoted between $7200 and $16K for a 3Ton complete system, and while i don't always go with the lowest bid, i'm tempted to do so this time since i treat air as a "commodity" and not "finishings" and am at the tail and of a renovation.

Better get down on one knee and do it the proper way!

I feel the same way and I'm doing everything I can to get that freedom right now.Be sure to check out The BiggerPockets Ultimate Beginner's Guide Great source of information, I think you'll like it.

I agree with @John Jackson , @Bill Walston is your man.As I do mostly Lease Option Assignments and Sub2 acquisitions, its all ordinary income.Write off as much as you can with good tax advice and the proper entity structure.