I would like to be educated on behalf of the "lending" procedure if that's okay!  

Not 100% but we were doing that pre '08', and it was based off our model not drawn from anyone else. 

You state that you have 20% - 25% equity position for safety, but you don't based on the information you gave. 

@Ming Huang Based on the numbers you've shared, I would advise against the deal, unless you can negotiate the purchase price down and/or rent it for at least $1,150.

Hello everyone. I am learning a lot about real estate and want to purchase a rental property in my area. My goal is to create financial security for retirement. I am not opposed to making this my primary method of inc...

I don't need a property management based software.  

Let's help you duplicate that success in the Houston Area.I am a Houston, Texas based Investor Broker/Agent who has worked with over 400 BiggerPockets Members and Investors. 

What's up fam I go by JAM. New to real estate investing and would love to learn where to go for the best resources in how to get started. Been doing wholesaling off and on with little success but hopefully more time t...

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

I never choose anything based on price.