If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

(whatever it is you use).Some people borrow against their personal residence with a HELOCK for this needed cash, but I've seen those go bad in several instances, and the results were not very pleasant for the borrower.In many instances working a second job can allow you to set aside cash, or you might inherit it, or find a cash filled partner.But the bottom line is, initially your success is measured by how much cash you have to invest.And be careful of Hyperbole.Good Luck!

And on top of it, you have a life insurance to protect your family in case of early demise.If it was so bad, why would so many sophisticated investors using them?

Ill make money on it at almost any price point but if I cant get asking I guess I got another rental, which isn't too bad of a thing.

Wis Dells is a prime location for STRs to be eventually banned or very highly regulated given the large resorts with deep pockets and a lot of influence. 

How bad does this get?

Easiest way to learn (good & bad) about real estate investing is living in a MFR and renting out the other units! 

I hate to be the bearer of bad news, but off-market strategies typically aren’t the best approach for acquiring multi-unit properties.

If you have to send them to collections later, it won't matter do any good, because their credit is already so bad that another hit won't affect them.They missed 60% of their payments.

Also, how much does the borrower’s track record or experience influence your final choice, especially if they've had success with similar projects?