Nevertheless, past performance can be used as a guide to reasonably predict future sales, as the seasonal nature of travel is fairly consistent.

They have also kept a modular from being compared to a stick built home for financing, making the appraisal process harder to accomplsih.It's a good alternative IMO that should be given more consideration in many housing needs.

This actually does not happen if it seems flaky, or if the officer is busy with a real case of a more serious nature.

Don't do that, please.Whats the alternative?

Not clear to me, though, that he actually has and customers or receivables right now.An alternative would be for you to make an equity investment in his company.

Essentially, it changes the nature of the deal.

Thus hard money is not very competitive unless you are equity-constrained with no alternative.

This is usually why alternative asset funds, such as whole loans, have a lockout period and liquidation provisions and all investment funds have mountains of paperwork.

THe problem people run into with fraud of this nature is if they purchase the property as OOC without the intention to live in it and rent it out quickly.

Apartment complexes are the natural progression for RE investors after they have earned respectable cash reserves.$100k is a pretty respectable amount to consider investing in an apartment complex( 12 to 25 units perhaps) which gives you lot more benefits with lesser work, due to economics of scale.But apartment complexes are a totally different ball-game compared to single family and requires a knowledge base considerably different to that of single-family knowledge base.Having said that, I know people with sizable cash reserves who jumped right into apartments without touching SF houses.Based on your post, I cannot advise you to invest in apartment complexes because it seems to me you need to get more experience/knowledge under your belt.