So he way overpaid and now 6 years later the properties are barely worth what he paid for - we have seen about 50% appreciation here in Milwaukee in the last 6 years.In fairness, turn-key providers have to make a profit, so they have to cut a slice out of the deal.

I just want to make sure that I have my head on straight when thinking about how people get "paid" in this business.

Richard has been one of them, he is a very straight to the point person and actually wants to help someone.

If you are a borrower with a w2 income and no other properties only basic liabilities your file should be very straight forward.

Neighbor refused to cut trees down.One tree fell on tenants RV, totaling it.

Got new renter, but the 2nd contractor cut some corners, took about $10k to finish it and the others. 

Investor Consequences: Deferred Maintenance: Reduced rental income might force some investors to cut back on repairs, leading to property deterioration over time.

I really liked the guy and I don't want to cut him loose, but this is business. 

If it is later in the project, and most of the money is spent, well that is where reserves come in (hopefully those aren't blown through).If you have more time than money, you go in and do work that you would prefer to have hired (i.e. cut new beds and put down mulch yourself versus paying the landscapers...).

Get your priorities straight.