The rules often involve sending a physical letter.Question:Does anyone know how to auto-send a template letter when a certain date has passed?

Im new in the investing space and im looking for more experienced commenters to give you more insight into how to navigate the financing aspect of things.On a more personal note, if you do get involved in buying a property from a family member, my advice would be for it to be a clean cut to minimize any future problems.

@Kenneth LaVoie, you can get a 1031 QI involved anytime before closing, I'd be happy to set you up with my QI team backed by the security of First American.

It's involved. 

Find deals with larger # of doors and get other people involved.

Set expectations and get the town involved early.

Many don't due to the liability involved. 

I'd only get involved with flipping if you can handle the risk and you have a team who is able to get it done in a timely fashion.

Thanks and looking forward to getting more involved in the BP community!

Without knowing what the loans would be from him, the interest rate, and the potential profit, it makes it difficult to really judge this agreement.However, based on everything but any potential loans now and in the future from him to you regarding the cars, I will give you the following analysis:1 - Your cost will be $150k (the cash DP).2 - Assuming no cars are involved, based on the projected yearly CF of $18k/year, it will take you over 4 years to reach the $75k in profit you will get before he takes any share of the profit.3 - After you get your initial $75k, you will be getting $37.5k (your half) in CF from then on. 4 - Since the first $75k recovered half of your $150k DP, and you will be getting half of that after that, it will then take you a bout 9 years to recover the other half of the $150k you paid in cash.