Definitely steering clear of it now. one of the sad parts of all this.. is its NOT to good to be true.. these types of deals are out there in the turn key world every day with quality providers.. this guy simply was not ready and all he had was a very savvy way to market himself in the new world but his advice and theories were not correct.. he simply is not an experienced real estate investor.. he just regurgitates half truths and other things that are patently false  like saying the low end D class is easier to manage than A class..

I had hard money for the purchase and got a personal loan for the rehab (half the interest rate).

My income is nearly half what it used to be but steadily getting back closer through semi passive income and not 1000miles away from home.           

I just completed a rehab that comps show a half bathroom is worth ~$50k.  

With that being said, I also realize that the cheapest/easiest isn't the best way to go.

And even better, it's about half a mile from neighborhoods with $800,000+ homes and there are virtually no rentals in the area so should do well! 

Quote from @Dan Deppen: 1/ A lot of people are funding deals using hypothecations.2/ More people doing npn's in NY than I expected.3/ There are opportunities to table fund seller finance deals.4/ I suck at ax throwing.I am not an expert but a pro tip is to take half a step forward or backward, as much of the success is about the the ax sticking.

My daughter is 24 and has been learning for a year and a half about this business.

For appealing appraisal, the easiest way is absurd adjustments (and adjustments are often absurd: $10k for a BR when simple query of average 2br vs 3br sold will show value of that extra BR on average, same for bathrooms, etc).  

The goal here is to establish track record and operating credibility, because frankly no LP with half a brain is going to roll the dice on an inexperienced sponsor without operating experience. 2.