He paid for common area access, built a bed in his Land Cruiser, pocketed the rent but we had agreement on what the pocketed money could be spent on (seeing we were paying the rent). 

Also noticing the amateur one's being immensely stubborn and extreme gatekeeping. 

I have no purchased local due to the extreme cash negative reflected in my underwriting (that many would consider conservative).- I have an offer going out this month not local.  

We do have a long term strategy, we are ready for the uphill fight for common sense and justice. 

Here are some common pitfalls I see for new investors from the private lending perspective:• Insufficient Funds: most lenders are going to be able to lend a first-time investor somewhere around 75-80% of the purchase price of an existing property + 100% of your estimated rehab budget (or an 80/100 loan, for short).

So everything has to be as extreme as possible.

It seems like gripes with PM companies have been a common theme lately.

However, since the prices of real estate are extremely high, I would try to look just outside the city. 

@Mark CruseWell, most of what you is somewhat common sense.

Bitcoin is something that could become a reality as a common viable means of payment, but as of now, it is not something I would accept.