For seller financed deals, we don't want to do it unless the borrower is putting up other collateral to cross it with and/or the seller would be willing to go into 2nd position.

Do your research, cross your t's and dot the i's and go for it!

Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.

There would be more impact of AI into commercial building as it worthed the dollar value.One thing that I always cross in my mind right, lets say I see a Milk tea store in front me.

I have 19 rentals and it NEVER crosses my mind "Can I find a Renter".  

So far I don't think any of my fellow students have been accused of crossing that line, but I will say that SEC compliance is a high concern of Brad's and he has had Gene give webinars on several other SEC-related subjects (e.g. solicitation of investors, and even what is an acceptable Facebook post) to his students.

I'm hoping to pull out $800k-$1m to immediately reinvest and allow for this to even function as a cross-collateralization situation, but even though the risk seems much lower than in other types of lending, I'm not seeing a clear path forward. 

Additionally, I am prepared to offer either a first position on the loan or cross-collateralize with my portfolio of seven vacation rentals, valued at approximately $12 million, with $6.5 million in available equity and generating $1.4 million annually in gross rents.Given the potential of this project, combined with my experience and the collateral available, I seek advice on approaching potential lenders or investors and effectively negotiating terms within such tight time constraints.

I was unable to cook anything for my family for fear of cross contamination without hot water.

In all cases, barbed wire is never acceptable as horse fencing, the pastures/turnouts/arenas need to be as rock free as humanly possible, and ideally the whole place is cross-fenced so that if/when Houdini makes his escape, he doesn't make it to the road (or highway!).