If structured well, this strategy will position you for rapid expansion.

You can’t really “lowball” rent offers so I’ll posit the advertisement matches up with the actual lease terms.

If you're gonna lend you need to be 1st position lien.

I’d love to hear any advice or personal experiences from others who have been in a similar position.

In today's world you need to be about 28-35% down on properties to be gross cash flow positive, closer to 40-42% to be truly net cash flow positive(i.e 50% of your income goes to maintaining the property, other 50% is actually profit).My recommendation is to buy ideally a 4/3 SFR that's a starter-friendly one in a good area, and rent it out by the room.

I'm just wondering if anyone had any updates from the receiver Charlie Adam's or have any positive lead, fact about Van Gundy?

Hi Tom, Sounds like you are in a good position and have options!

If we were a GC and had cashflow for 2+ years and positive NOI they would consider a small business loan but outside of that, its challenging getting a business loan for real estate.

It's challenging to find lenders that are willing to be in 2nd position on an investment property, but I called quite a few during the process. 

There is plenty of supply so I would either pass on this or write them an offer that makes sense from your position.