The website 51west.properties also scores low on scam advisor ("owner is using a service to hide their identity, high number of suspicious websites on the server, registrar has a high % of spammers and fraud sites, website is (very) young, website appears to be hosted by a company with a bad reputation", all according to https://www.scamadviser.com/check-website/51west.properties...)Trust your instincts. 

Sort of same situation but the home was not in that bad of shape. 

It's not a bad idea to use equity to pay off high interest debt but I wouldn't pull cash just to put it an account if you don't really need it for anything right now. 

You don't live "bad" financial discipline, accrue wealth and THAN gain healthy financial habits from the $, that's nonsensical.

Hey, your choice, but you can't tell me the risks are even in the same ballpark.

While I can appreciate ones desire to own real estate, it is not the appropriate investment strategy for most who fall within this category & the consequences of a bad investment generally far exceed the potential upside.

Quote from @John Underwood: Well how many reviews were there and were they all 5 star. 10 Star now on Vrbo.They have 42 reviews and the score isn't bad at all for this specific potential client.

This is another deal where Capella earned over $100K in origination fees, the loan quickly went bad, and now Capella principal Corrine Cordon looks to further enrich herself by buying out investor interests at a discount (offering 75 cents on the investor dollar).

They arent really allowed to turn you away, but they will push you away with terrible loan pricing and intentionally bad service. 

Some or great, some are bad and many in between.