Sorry I have no experience with the guy.That said, the chances are very good that finance guru stuff that you buy as a "program" or "strategy" will be bogus, inaccurate, insufficient, not applicable to your area, and may be illegal.

And, of course, the possibility exists they may want nw equal to the debt anyway if you have an insufficient track record.

Basically, you're considering buying the debt for which the property is the collateral.That means you would be standing in the same position as the current lender.Besides the likely requirement to buy notes for cash, your numbers are insufficient in my book to make a decision.If occupied, count on delays from borrower filing BK.

Insufficient cash flow to cover any possible rate increases.The 2-4 MFU on Conventional would do better due to the cash-flow and ...An MFU 5+ should not be concerned at all.IMO, 2017 rate increases will not top net 1% overall

I am wanting to loan $100K to an LLC that buys, remodels, and sells houses. The borrower needs to secure the loan so that it can deduct the interest paid to me on its taxes, right?If yes, can the borrower secure the l...

If their reserves are insufficient a major cost item can trigger either a special assessment or a large increase in monthly HOA fees.  

Renters wouldn’t be rejected for credit scores below 500, a court eviction order older than three years or insufficient credit history." 

The power bills can be really high as well.Good gym operators tend to have nutrition bars, personal training, etc. for multiple revenue streams to boost profit.I look at liquidity and net worth to prop up the business.

I worked with title companies to get insufficient title docs sent out to make a the full loan doc package.

They are going to have to admit that they made a loan with insufficient collateral and poor lending practices!