They truly are good people and have taken great care of the property.  

I would get with your property manager if you have one, or call one and offer a consultation fee for their time on how to go about structuring the invoice.

Purchase price: $230,000 Cash invested: $70,000Put 20% down on my first property, I lived there for a year while adding two bedrooms, 1 bath, and finished the basement by myself.

I want to grow my business so i can eventually buy a rental property, or convert the house i own currently. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Walled Lake.

Purchase price: $150,000

2 bed 1 bath duplex.

What made you interested in investing in this type of dea...

Title should check to make sure there is no one else that might have a claim to the property if it's in a strange arrangement. 

They are not a very common sense structure, why are you thinking about building one if you don't mind my asking? 

True non-recourse is extremely rare when investing in small commercial or residential properties and frankly does not really exist at the feasible LTVs most investors are looking to do. 

Hello Jack, in Texas I find a lot of investors using the Subject 2 method, especially with FHA properties where they are at or under water on their mortgage, but most of the mortgage rates are under 4%.

Then I used the $8k to fix the property up.