mentioned at the meetup.I think it could easily play out this way.

Personally, I'm not that easily offended and I'm an big fan of Starbucks (they're all over the place...really).Good luck (now that I'm a stakeholder in this deal turning out right for you!).

The house could have easily appraised for several thousand more than the purchase price as-is.

<g> And don't forget; that generous looking 6% commission can easily become a barely-worth-it 1 1/2% commission less expenses once they split with everybody.Also; Realtors are conditioned to think "MLS" when they are looking for properties I think, and the ones who aren't can't devote much time to bird dogging properties.

I want to focus on some of the close neighborhoods in the city so I can easily get to a job site as often as needed.

In this example, you could easily get $10k for it and your buyer would still be at 70%, which would be a great deal in this market.

If the numbers do not work or the project has to many repairs  or hidden problems come  to be you can very easily loose a lot of money Do you have a back up plan?

He could easily handle keeping rehab and repairs in check, as well as day-to-day maintenance.My mom cleans homes now and seems perfectly happy to do the between-guest cleaningMy mom is a really tech savvy older person and could handle the online stuff involved with the Airbnb site, if I taught herWe're incredibly close and I know I can trust them to take good care of my propertyMy family is very well-connected on the island (First black family who ever lived there!)

I know I can fairly easily access the $50k via a loan in a self-directed 401k plan.... but would I also have the option of using my full balance from those funds and splitting ownership of the property between the plan, my LLC, myself personally, etc???

Which frankly, the Germans can easily afford - and frankly - they need to pay because out of the European project they've done the best out of it, much to the decline of nearly everyone else.The problem is that if Greece goes bust, then Italy/Spain/Portugal/Ireland are all in such dire financial straits, that people might start bailing on those economies as well.