And when they’re uncovered the attendant publicity is huge, IF the resultant loses are large enough.  

This is getting out of hand and many of us could stand to lose a lot of money here.

I've seen many REI have a ton of equity, but can't pay their bills, and lose a lot of it, or even go bankrupt. 

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

After the Paradise fire Butte county lose nearly two-thirds of its population.

Even with that, I can't promise you won't have major issues and possibly lose the property or your monthly income. 

Quote from @Brandon Morgan: If you screw up a deal with a friend or relative, you will lose money and the relationship.

If you were only going to net 10k and the fees male you a lose then it was never a good deal.If you keep project costs less than 72.5% of the ARV then no lending can screw you. 

So I approached the foreclosed upon owner this week to confirm that she had sold her right of redemption... she confirmed.But the investor has not filed the petition for redemption.And of course the court has not approved the sale.I am bummed about losing the deal.  

This cycle has played out numerous times:Mobile Home Park Residents Lose HomesMidfield Mobile Home Park Residents Lose Court BattleLoss of Another Tempe Trailer Park Highlights Lack of Affordable HousingMobile Home Park Residents Face HomelessnessIn an effort to preserve our country’s affordable housing, it is our duty as community operators to keep Lot Rents in line with the market rate.