Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.

Over the years, with personal investment alongside investments from family and friends, I’ve been able to build a small portfolio of apartment buildings with a focus on cash flow through strong operations.

Do you think it's common for a tenant to sue for an amount greater than insurance can cover, then take your property or even your personal assets? 

I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week.

So, things change a bit.If it is his personal home, there are more restrictions.For an investment property, if you take over his financing, read through the deed of trust (mortgage) and see how they handle transfer of ownership.

Me having several thousand good reviews help, but personally I would not book a property with 0 reviews. 

I personally would never invest somewhere that could outlaw rentals.

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

Personally when buying rentals I tend to buy in neighborhoods that I feel like I wouldn't personally mind living in and when I look for tenants I try to look for people that not only pass my screening but also I personally don't dislike.  

Account holders can't take any write-offs personally for investments made in the 401k.