If they will sell the note and she will quit claim deed her interests it's all a numbers game.

I'm evaluating at a RV Park purchase and they claim it's 100% occupied and since it is in Delaware basin it's not affected by the current oil price but won't share the current P&L until I get it under contract.

But hey, it's just nomenclature so I wouldn't get caught up in the semantics.As far as the 70% rule goes, it is very much just a quick rule of thumb for a down and dirty analysis and varies by a variety of things, not the least of which is the value of property.Regardless of what the project entails, it's prudent to run actual numbers to evaluate the opportunity and see that it meets your criteria. 

Find lenders who are respectful, can explain their terms and associated criteria to you simply, and in a manner you can understand to evaluate properties on your own. 

Hi Everyone - I've been investing in stocks for years but I'm new to the real estate game.  

Feel free to give me a buzz if you want to chat about how we structure things.Remember, the game changes greatly when you can do houses with 100% other people's money.

@Alexandra Gortchilova you might want to consider crowdfunding platforms as an opportunity  to get into the money lending game.

Since this is a numbers game, the only way you can answer the question is to do the following:Establish a relationship w/ a realtor winning to run some comparables for you showing the potential value if you convert from a 2 flat to a singleIf the values are not significantly hire than your mortgage then hold on to it as a 2 flatIf the values are significantly hire than your mortgage then get some estimates for converting from a 2 flat to a single.  

I have 2 main paths I am evaluating:1/ Buying into a company that does property pool.

Craig, More Factors here than what you have listed, but for a QUICK Evaluation in Self-Storage: 1.