Find a great real estate agent to help guide you to the right purchase and build a network to support you for when you are feeling scared or unsure.

That is, is the property worth enough to support the bank’s minimum loan?

Spoken in terms of average and median values, in most circumstances "the market", any market will only support so much sales price.

So, if withholding distributions in order to protect your investor's capital is necessary, I would fully support that.Having the support of you partners is of utmost importance, which highlights the importance of effective communication, regardless of the chosen strategy regarding distribution adjustments.With those points established, I have continued to receive distributions and that has strengthened my confidence in my partners. 1) Buy for cash flow, 2) secure long-term, low leveraged debt, and 3) have adequate cash reserves are principles that guide the business.

Hey @Shawn McCormick I'm just looking for some support when it comes to experience and capital.

There are other private lenders like us, who are local in Michigan; who can support investors like you.There are local REIA meet up groups for networking, that can also a source for private lenders.

Personally, if I was in your position I would just create a 4 bedroom apartment if the rents support the work.

I’ve met enough people that make more or are supplemented enough to support three families but their credit score still comes out below par so before you think of a list of questions.

As far as the estimated value of the home being the same as the equity... this means there is zero equity...You could still add value, by turning a 3B1b house into a 4B2b house, if the comps support it of course.The more creative you are the more money you can potentially make.I sincerely believe that the source of the questions comes from improper lead gen.

How you do it, is by paying attention how fast buyers do something stupid and can no longer support house flipping, so you tweak this till you achieve equilibrium!