Why is it so hard to find mentors in the PG County ,  Baltimore MD area? 

but you don't ask for the other occupants birth dates as suggested in your book 'The Book on Managing Rental Properties' (pg. 50).

It's a slower process building your business credit reports for non PG credit.

But if you look hard enough you get a surprise like PG county police have maps with lots of filters and tools (maps at bottom of page @ pgc.gov/crimemaps )I think quite a few area police departments have twitter and facebook feeds.

I would look on the outskirts in PG like Hyattsville, Oxon Hill, Temple Hills.

See this thread Pg 3 where I stop a Hong Kong lady from buying a TK house for $45,000 that the TK provider had bought for $500 and hadn’t even evicted the deadbeat tenants yet.

I live in PG County Maryland.

Montgomery County, Northern Virginia, DC proper, and PG county all have some great areas to live.

STandard promissory note .. do you have a mortgage or deed of trust to go with it to secure your interest.this is called gap funding and the rates are quite a bit higher than what they are offering.also if this deal does not go well do you personally have the money to pay off the loan take the house and finish it or sell it or if the first went bad would you get wiped out because you do not have the money to pay off the first.Personal guarantee's are worthless.. in 99% of cases  if it comes down to you having to sue on the PG means your going to spend big money with attorneys to do this and the debtor 9 times out of 10 simply files BK.so that's the other side of the coin.. the rest is how much U trust them and how much money you have to protect yourself. 

I have seen presentations from not-new sponsors where a return metric listed on pg 2 of their material is higher than what you get when you do the math with their own pro forma in the same material.I remember one case where the headline summary had a yr 1 CoC of like 12%.