There is no real substitute.

A better answer may be to substitute collateral, do your best "due diligence", buy with a plan for the worst and hope for the best, 'free clean' the place up, then finance and back fill the collateralized asset.

The only way to substitute money for the purpose of making money (Other people's money, credit etc.), is having skills and knowledge.

There is NO substitute for knowing the market and neighborhood you are working in.For confidence' sake, you'll want to have as many comps as you can, at least two or three, preferably more.

I think the only way to get "ripped off by turnkey providers" is if you rely on their info without doing your own research in which case it's your own fault OR if they make all sorts of guarantees that you rely on to make the investment work.I deal with them in several cities and they often can buy very well so can supply good stock but there is no substitute for doing your own due diligence.

This information is provided for general purposes and is no substitute for advice from a competent CPA familiar with the details of your situation.

Market influences will never be the same, properties are unique, use of funds of one investor will be different than another, yet investors seem to get excited about doing something someone else did or claimed to do.Just saying, there is no substitute for formal or conventional knowledge to base any business strategy on.

In my state, if a Substitute Trustee filing occurs, that is a very good indication that the borrower will be served in the near future.

If you drop the ladder on your tenant, they'll come after you and all the LLC's and assets you own but if your LLC's employee or contractor drops the ladder, only the LLC's assets are at risk.Also have been advised that LLC's are NOT a substitute for a great insurance policy and or umbrella policy!!

He proposed the following:1.We get blanket loan of $150,000 - $200,000, net out 2 pts up front, 12% interest from day received at title2.Money is in title company and interest starts day 1....continues until paid off in full and closed....SAME MONTHLY PAYMENT IF THE MONEY IS BEING USED OR NOT3.We can also use it as POF / exchange properties in and out w/ approval4.Place security against properties as needed with mutual agreement and email only needed to title to authorize substitutions5.When we sale property, money goes back to title to be used for new property...W/ APPROVAL6.New property identified, money released to Seller (at mutual agreed percentage)7.1pt on that release amount pd to John to cover his time for sending the email authorizing it.....SO EVERY TIME WE SUBSTITUTE A NEW PROPERTY YOU WILL MAKE ANOTHER POINT ON THAT NEW LOAN AMOUNTWhat are your thoughts?