I'd be happy to discuss this with you at any time though.Its basic structure involves 3 partners:1 - Cash = They bring all the cash, have no mgmt or loan responsibility2 - Credit = They qualify for the loan, have no cash in and no mgmt responsibility3 - Management = They manage everything from the start of finding the property, through offers, negotiations, closing, etc...Like I said, the full explanation would take up the entire page.  

Sounds like something basic that would be gone over and hashed out prior to lease signing.

We just joined the BP and started learning the basic knowledge about RE.

That's why wholesalers can basically 'sell houses' without a Realtor license. 

I'm basically just inserting my worthless post in here in hopes that someone smarter will come to the rescue. 

@Harpreet WaliaHere is a blog I wrote up with some basics on conventional financing.

Second you have basically sealed the paper onto the wall permanently.

(Of course you can adjust to your numbers but the formula is basically the same).

Basically, this is a blank check provision - not a good idea on a ten year loan with yield provisions as a pre-payment penalty.I have not checked the insurance requirements against our current insurance policies, but I'm afraid there will be more surprises. 

I would meet with individuals who I thought might be interested, showed them a basic presentation.