Averaged a 120% return but you have to keep it working and even if you don't it is a much better return then a bank gives.Quickest way to double your money is options on something somebody is willing to pay more for, the leverage allows 100% plus on your money but it is usually on many smaller deals to sustain it.The Las Vegas method, saw a couple of guys trying to impress as high rollers, one would bet black big, the other red, and then they sadly discovered there was also green.

Joe, are you saying that if the loss is total than they would cssh me out and keep the property?

It's an endless list of concerns and I'm betting it's over priced, they usually are.

Speculators use these highly leveraged instruments to make bets.

That total DTI ratio can go to about 40%, maybe 45% with stellar credit or other mitigating factors.This deal looks fair at best.

Agreed J Scott, and I bet what the appraiser will say is that the comps used were most similar to the subject.

Statistics show that tenants use up to 40% more water when they do not pay for it.Your options are usually to:1.Have the total rent include water,sewer,and trash.2.Sub meter out the units from the water company if they allow it3.Prorate the amount of water usage for the building an bill each tenant.4.Have a company bill them instead of you.5.Have a private company install meters which is cheaper and they bill the tenant for what they use.This avenue you are still responsible to pay the water to the city/county even if you bill the tenant and they do not pay.On lower income housing I see about 60 to 65% pay their water you bill them for every month and the rest you have to chase for the money.You have to pay the water company regardless.The other factor is tenants will let friends was cars with the outside spigot,take showers,do their laundry,etc. and the tenants will also usually not report leaks or drippy faucets as they do not pay for the water.Another thing to look out for is what does the city/county charge for water and sewer rates.If you research a county you might find they have upped the water rates by 50% in the last 6 years.So one county using 1,000 gallons costs you 100 and in another county it costs you 56.You have to really look at how old the water and sewer system is for the city/county etc. and look at all the costs.I can tell you water is the talk of the town with buyers of multifamily.It can just crush your bottom line.

The cash you've put into your "investment" very likely totals over the $325 its worth.

Now if you're asking him to go in on stuff with you, then all bets are off.

Seconds can be made by the municipality eco. dev. dept.You can bet that NPs will take the lion's share of CDBG funds and HUD allocations but private parties also have access in your economic development zones.Probably the easiest way to tie gov. funds with private money is simply to piggy back the financing.