I haven't done any homework on it to know if this case is an anomaly.Andrew

(85% of purchase price is $136,000, so 6% of that would be $8,160) which means out total profit would be right around $20,000 and we would have $64,000 of our own capital in the deal thus making 31% on our invested capital or 93% annualized.Use Private Money at 12% annualized or 4% one time and make a projected $20,000 and make an pretty much infinite return on our own invested capital invested.Do a 50/50 JV deal and give up 14k of the deal (and make 14k) but get an infinite return on our capital and have no capital risk in the deal.We will most likely do one of the first 2 options basically if we have the private money available we will use that if not we will go with the Hard Money.Ok that is a little longer (and more detailed) than I anticipated and hopefully I didn't mess up any of the math :-) But I thought the extra details on some of the options would be helpful for some to learn from.Ok so since we only got one last week that puts us at 35 with 115 to go!

If you use it to escape simply because you didn't do your homework or you change your mind for no good reason then folks aren't going to be happy and that will start to get around.As a lender, I had a borrower do that once.

I'd have to figure out the math of everything of course, but it seems like it'd be a good option if done properly.

I Did my homework and now I am ready to make offers on those properties tomorrow.

Forget about the 2% rule and do you own math. 

This is where you'll either do your homework and become a rich hero or cut corners and be another person who posts on BP that their mailing aren't working. 

That's a great idea if you can find one that you can afford and the math works.

If you go that rout, take some time to do your homework to have confidence in your turnkey provider. 

At this point its all in the math.