I agree with bringing in a partner, I’m going to a REIA meeting tomorrow.  

Christopher Rodriguez Yea, message me and we can meet one day.No problem at all.

Pleasure to meet you.

But all that to say...if you meet the qualifications it can be a really solid option depending on your situation.

I have scheduled a meeting with 5 lender for next week.

While I have some sensibilities already in place from managing a property I won, I’ve been reading a ton about REI, reading many of the posts here and listing to the podcasts, honing my big picture understanding of the industry.Some “rule of thumb” figures keep coming up. “2% rent to value”, “15-20% cap rate” … I’ve been scouring the field nationally (calling brokers, meeting with agents, looking on MLS) and these figures seem close to sci-fi.

But I will persist and hopefully land something that meets my criteria.But I am running into problems finding lenders who do commercial loans. 

@Jake DeAtleyHello Jake, Welcome to BP.I don't know anything about the property management company you are seeking information on however I would like to invite you to our Olympia REI meeting next Tuesday night, April 17th from 6 PM to 9 PM, at Rambling Jacks on 4th Ave in Olympia WA.

Failing to meet deadlines is a failure to perform on the contract.

If it is local, you may be able to have a meeting and they may allow the deed to transfer ( I Doubt It ).