. - Conduct thorough due diligence on potential partners. - For Private Lenders:- Vet investors based on their experience, reputation, and past performance. - Clearly define the terms of the partnership to avoid misunderstandings. - For Both Parties: - Use legal agreements to outline roles, responsibilities, and profit-sharing. - Communicate openly and regularly to build trust.

Auction Property ConsiderationsResearch the Property:Ensure you’ve done due diligence (e.g., title search, property condition, and liens).

They wanted a $10,000 fee upfront (before you get the loan) to do "due diligence". 

Pretty soon after purchasing it, we have had several problems, many of which likely occurred due to our lack of enough due diligence. 

Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

The reality is you need to move off a few factors---fast solutions have slow problems, due diligence, have a healthy safety blanket reserve wise. 

What, if any, are the ramifications if the operators did no due diligence to make sure investors needed to be accredited? 

Given we will still do our due diligence on the property, but we are able to move a lot quicker than traditional lenders. 

You would really want to do your own due diligence and probably fly to the market(s) you'd like to invest in.

Do your due diligence and call references, contact employers, meet the applicant, etc.