He brought 100% of the funds for this deal.

You need to maintain a fund to handle those unforeseen expenses

Real estate isn't the same as buying an index fund where you buy it and forget about it for years. 

Quote from @Cynthia Lee: Accepting even $1 could be seen as evidence of a payment plan, and the entire eviction process could be derailed.Once you start the eviction process, to not accept any payment unless it is a full payment in certified funds (cash, money order, cashiers check).

But that wasn’t what the funds were for, they were origination fees - not prepayment for his time to go find a lender.

I have been funding A and D deals there since 2004..

I am starting to look at funding my next deal.  

Yes I do indeed have other buyers that fund deals with me (is that what you meant as connections?)

Otherwise, a PMC needs owner input & funding as things happen.

I work as an acquisitions associate with BPG Holdings, a local real estate investment fund in Alexandria, and also work as a realtor for our fund's brokerage team, assisting clients with investment properties in the D.C. metro area.I've recently created a series of reports focused on the city of Alexandria and its sub-market development prospects, which I believe alongside other macro trends will make the city an amazing buy-and-hold investment for real estate investors.