If you can’t already tell, I’m really glad that Bigger Pockets exists.

It is likely that even the initial transaction may be a disqualified party transaction if you have existing joint ventures with this individual.  

I have two investor friends that have acquired an 18-unit apartment complex under sub-to the existing mortgage.

As I now know BP message boards exist, I intend to full advantage of that fact by reaching out to the community.As I become more involved here, I would just ask that everyone be patient with me as I ask ALOT of questions.

It's definitely an invaluable resourceI would urge you to listen to all the podcasts - I know it's a big time commitment, but you will get so much out of it, even (especially?)

The problem with general price inflation greater than 10% no rational entity would commit money to loan when economic conditions rendered his transaction a certain loss.  

Kyle McNeilCongratulations mate,Commit to the numbers and there will be many more :)Much success

@J ScottI am not nearly as experienced as you are so I assume this exists in another market but so far I have not seen it to such a great extent:1) Because vacancy is almost non-existent and costs are so high I have seen people do things in NYC that are probably not as prevalent elsewhere.

We've yet to pull the trigger on any acquisitions in the urban core, but its just a matter of time before we deploy resources and efforts into buying existing or creating a new development. 

Tenant exists in detached 1/1 will be paying $550.- PMI is around $70.