Dangerous to have it open very long. 

@Justin FernandezHere is one definition of "joint venture": "a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities"For the sake of simplicity and what is most likely in our kind of real estate, let's agree for our discussion that we're talking only about 2 distinct parties (as opposed to 3 or more) joining in the JV.

They might be in danger of losing the property to foreclosure.

It just sounded so easy, but I believe I am in the category right now of "a little information can be very dangerous".

Just here to give you some advice and suggestions.You are looking in two very distinct boroughs in the city.

Zip code shopping is dangerous and should be avoided.  

It is dangerous to do all by yourself.

Pre-funding provides three distinct advantages:A) If they don't sell it, they own it, so they have to put in an extra level of due diligence care.

Or is that way too dangerous and advised against?

When a 24yo comes on here and everyone directs them to find ways to work less, I can't help but think we're often giving ineffective and possibly dangerous advice.