That is the skinniest deal I will even consider.

And, know this: what you don't know will hurt you. 

We get an extra 3 deals a month from it.

With the idea you get your 6k back when fund deal/deals  MLM all the way sell the futures and the deals that Cogo did pay me off on as you stated took forever to fund and the rates were even higher than mine :)  Its just a very good Guru selling his stuff we all know they make the money selling the 6k how to become a lender. :)  

@Guifre Morai am searching for a HELOC or refi so I have some capital to take advantage of any future deals, sounds like HELOCs have been frozen, anyone have any info.

If he had quoted you 20% higher would you still have done the deal? 

Some of those may even be competent and know how to underwrite deals and sponsors. 

I don’t know whether or not investment in Detroit residential property will make you rich.  

If local sales support the new value then you should not have to deal with the seasoning requirement.

Yes, im not sure about deal sourcing at least at my level because I dont make that much from the investment side of my business right now and I feel there would be a lot of training involved.