If you were Tenants in Common with defined ownership percentages, then your obligations would be limited to your stake.

Depends upon 1. what you qualify for and 2. what percentage LTV they are willing to do.

My understanding is though that you need to have some track record in order to use it unless its a larger property.Thanks, this helps..I'm still trying to figure out which Lenders might qualify a percentage of the new rental income even though we cant show that income going back 2 years since we just started renting it out.

If I did it would be a case by case scenario on the percentage.

so anyone that is going to pay out 949k to buy it to make 81,300 a year or 6775 a month to hold a loan payment of almost a million dollars. their cap rate would be 949,000/81,300=11.6 cap rate or roi you would need to ask what they want to make back each year or what type of return on investment they are wanting if they want a 20% return on investment and they are looking to pay 1 million dollars(for easy math) to get 20% return on investment they would have to be making 200k yearly or about 16k a month after all the bills are paid. so if your investor is looking for a return on investment with in that percentage rate then its a good deal for him if he is looking for a higher cap rate then no it wouldnt be good. besides how are you going to be paid on this deal?

With you putting up all the money, I'd expect you to have the majority percentage and control.

I do have a significant percentage in notes, some in rentals, some in some other (not so good) RE investments.

some buildings require at least a certain percentage of owner occupied units.

The condo association doesn't have any rules against rentals, but the larger percentage is making it harder for potential buyers to find financing.

I also have begun attending local REI club meetings.My area is small in population but in terms of percentages it rides the waves just like Phoenix and Vegas so i'm not sure yet whether it's a good or bad area to be investing in.