I tend to focus more on CF commercial deals and the numbers are a lot easier to evaluate from afar than on residential deals.The operators also tend to be more established. 

I thought this would be a good deal for the cosigner especially since they aren't having to put in any skin in the game except their name on the note.  

I am one investor of several (among them, my family trust, my ERISA investment LLC, and private family investors), as well as the managing member.You set up such syndication entities by clearly establishing their purpose and goals, the benefits to investors, the exit strategy, the management strategy, and the processes for handling disputes, change in membership due to estate or bankruptcy of a member, the process for winding-down a series, and the overall exit strategy.  

Getting my Realtor license was very helpful so I have access to best information (MLS) to comp properties and establish value.  

I'm just getting into the game down here but have the Northwest on my radar as a place to invest in the near future and likely move to again-- how is the market up there?

We all have fears but some of us understand that risk are apart of the game and others are too fearful of risk.

The good part about mentioning you are an investor is that if you make the lender feel you know the game really well, they will treat you like a potential repetitive income source.

I am currently employed in the Gaming Industry in Biloxi.  

s strategy is a good one but it will be difficult to find a lender who will provide 100% of purchase and rehab costs until you have established a strong record as a rehabber/landlord.

Will it be a double closing to the buyer or have you established an assignment contract?