What made you interested in investing in this type of deal?

It sucks to admit that there wasn't tight oversite on the deal to ferret this out b4 the sale happened and its subsequent consequences and it sucks for your client that they have made, for at least the time being, an investment that is not going to be in the black in the immediate future. 

(Otherwise it would be your dryer they removed.) then they would have to be looking at the obvious connections and go to the store and buy the wrong type.

What type of project are you doing?

3. what type of deposit / reserves can you provide in case the monthly rents you receive do not cover the rent you pay me?

Keep in mind though those types of project are not 90 day flips in a 500 to 600k market. 

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

Unfortunately with those numbers it's tough to find a non-bank lender/financial institution that will lend.Usually loan minimums are $50K and the up to 75% LTV on purchase-money/70% LTV on cash-out refinancing, which basically means you need up 25-30% depending on the type of financing. 

I grew up in a rough hood so a couple hobo hippy types smoking weed at a surf beach isn’t something I get all scared and uptight about like maybe you do.