This is not only my belief, but is the opinion of several attorney's which have drawn up partnership agreements for me.I suggest, any commissions paid to partner brokers are reduced proportionately from the their proceeds so it is fair to all parties.

I'll contribute the initial capital for this purchase and between the 3 of us, we will split 3 ways with equal %. we will however look to move the condo unit so that would leave us with 2 property vs 3.

Also, I can't tell you how many times I've had a home "sold" to someone that never bought it so I wouldn't jump in a deal with the belief of having it sold already.

Unless there's some extenuating circumstances, in the current market we live in, I just think you could find equally good sub2 deals out there that would require you to put up considerably less upfront.The way this deal is structured doesn't seem to make a whole lot of sense.

I am assuming all other things equal.

These biweekly things work by paying 26 bi-weekly payments each equal to half you monthly payment.

Even in states with no redemption there is delays with the process of taking back possession of property as equity is really equality or fairness and the courts allow reasonable time which varies from state to state to grant the "fairness" part of the equation.

Using the 70% rule equals $157,500.

This requires more than just putting it on the MLS and calling it a day.. otherwise all agents would be equally successful.

A contract is important but what is equally important are things like; is the prospective tenant employed?