I live in a city that is projected to be impacted by the Bakken oil boom in the very near future.

@Joe Gore I am in a position to close on it myself, I would just prefer to wholesale it.

There's too much positive news, positive mindedness in the seller to settle for just signing the deed over (any more).

It's great to see you're having a positive experience with your current property and are looking to add more.

We have a strong military community, always growing medical training facilities, a tremendously strong tourist and convention sector and the Eagle Ford Shale project created 116,000 high paying mid skilled jobs in 2013 and a 61 billion economic impact on the region.

Thanks @John Crandell I believe that is the beauty of this business of Real Estate, you can enter at any age and position yourself for wealth.

While I won't have a 1st position loan I will be on title along with a partnership agreement spelling out funding, decision-making, responsibilities, equity dispersal/shortfalls, etc.

He was very clear about networking, forming long term relationships with approved investors and having a track record to get into a position to call one or a few folks and get a project funded quickly.

What exactly is the benefit for someone in my position?

A few things to consider:Will adding a fourth unit negatively impact the parking, or other property aspects for the existing three tenants?