What are the positives of the deal and property and negatives?

But, as the facts unfold, if you are found to have been dealing from a predatory position, you'll lose your interests as well as being taught a tougher lesson with fines and perhaps visits to the probation office.

I consider myself a newbie even though I own a SFH that I have leased out for the past 4 years with positive cash flow and no tenant issues (they take great care of the home and not one late payment).

If you can find good deals and connect them to he right investors, then you'll be positioned to make profits.

You want to make sure the numbers make sense the day you buy it, so you can have a positive cash flow right from the beginning and not have to worry about appreciation to make your money.

Not sure how true this isand also I’m not expert in this topic ( disclaimer ) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Short story , I was at local REI meeting earlier today Conversation was regarding private money It was discussed that individuals our getting private funds ( 6 – 8% ) then taking those funds and offering separate loans to another investors as a hard money rates (14 above % )Pocketing the differences on positive transactionsImportant – I know there laws about distribution private and hard money loansHere how I visualize individuals our performing this type of funding:Sub1 – person who offering original private money ( IRA / etc )Sub2 - let name Johhy B Nasty ( middle guy )Sub3 – person looking for funds , but have no credit / exper. / etcPossible transaction :==============================================Sub2 - borrow money from Sub1 at 7% for 9 months Sub2 - borrow new obtained funds to Sub3 at 14% for 7 months Sub3 - completes rehab, market property, &sell to new home ownerSub3 - pays back Sub2 original loan amount + interest used ( 14 % + rate )Sub2 - immediately pays back Sub1 + interest used ( 7% rate )Sub2 - made interest off of Sub3 rehab deal basically ( the interest rate difference )Everyone happy -> sub1 , sub 2, and sub 3Again~I know their laws & licensing for offering private/hard funds

Do they have to have at least one positive item for the score to be generated?

In fact my offer had a 72 hour acceptance deadline which is now long gone.I am guessing this means the bank is in negotiation with one of the buyers and are putting everyone else in a hold position?

There will be a significant upfront cost/investment to do this but I am thinking it can be a long term profitable little side business ESP. b/c of the fact I will own the building and will not have to pay rent to anyone buy myself as well as it won't require much overhead to run the business.The other positive factor is I would buy the equipment new so there would be low maintenance/repair issues.The way I see it my biggest expenses would be utilities IE. water and gas electricity, as well as insurance and then whoever I hire to run the business.

Put your minority partner in a management position and pay the manager to equal out the profits.