The home was built in 1974 and needs some exterior work (not the kind that adds value to renting).

I've heard several guests on the podcast discuss having a packet of some kind portfolio or package that they present to lenders when trying to acquire financing.

I'm probably overthinking this but I'm trained as an engineer so there is precedent for this kind of behavior.I've read a bunch of descriptions of private money lending and I want to make sure I understand the details of the jargon used in these descriptions.

I kind of figured that was the case. 

If anything I think a downturn and people losing jobs will increase the demand for my 750-1000 rental prices.When it comes to banks calling your notes due....that is kind of a concern I would have.

If I had that kind of cash and you could attract Partners and buy apartment complexes in this economy, that's what I would do. 

@Blair LeeWhat kind of neighborhood class are you considering Are you more concerned with appreciation or cash flow

Properties in the area for the like kind are going for over $700k but let's just say I am able to sell the rental for $700k.

Originally posted by @Khenan Newton:@Jay HinrichsYou never know what these people might want hahaMy car might be old but that just might be what someone fancies if they feel the need to sue. been doing this 4 decades no one sues anyone to just get a car in a real estate transaction.. unless you have substantial real estate holdings or are known to have LOTS of cash .. no one is going to spend the money to sue you... its just fear mongering.. and frankly one of the reasons dealing with wholesalers is so bad.. no accountability with most of them they just do deals that don't work and walk.. kind of like trying to sue a dead beat tenant.. 

Oh I know how to avoid all KINDS of words!