The way I am leaning towards is to look at it in a combination: look at number 1 and determine that it is both cash flow and net income positive, and therefore since the equity would otherwise be doing nothing that this is the good use of the equity (a positive vs. a zero), then to assess if the second property is a good decision based on number 2, and make the decision the same way I would make any purchase decision.

Does it matter if you split profits 50/50 - I assume no because the equity position is what matters right?

If that number is positive, the property is cash flow positive.

The trick is convincing the seller to wait a few months for their payoff, and also convince them that you're not trying to scam them (for people not involved in real estate, this can sound complicated) -- but if you can get the seller to agree, it's obviously a great position for the investor.I'm actually in the process of negotiating with a private seller using a seller financing/holdback...this may be another great strategy to try with this seller...Thanks Brian!

Any warnings [or positive reviews] about Brookview?

All of my correspondence to date has been very positive.

One the biggest mistakes people make is trying too hard to influence the reader in a positive way to obtain a loan or assistance.

In the unlikely scenario they give me a fake ss number, or get a digit wrong, I am now in a much worse position to collect unpaid rent if I have to go the collections/garnishment route.I don't know how a landlord can verify that the ss number I have been provided matches the identity that was put online.

So if you did transfer to a LLC and the LLC even got a loan, you would probably still be on the hook for that loan with a personal guarantee.I'd say if they are only worried about the equity position on the existing unit, then you could improve that with a cash payment to the lender to reduce the principal balance.

It's also amazing at how well the Republicans have spun the best interests of big business and our 1% as being the patriotic thing to do, playing on emotions and fear to motivate the base.Anyway, Romney certainly demonstrated very clearly his position and attitude in front of those who paid more than most of those 47% make in a year for dinner just to be in the room with him.