Lots of information and great connections here. 

WaMu is a perfect example of the ****ery still going on today.

Best of luck in all your endeavors.

How do you approach educating people on the realities of the business? 

Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).

I believe sometimes a bad experience is more reflective of the individual than the company. 

I won't overwhelm you with all of the different terminologies but begin researching these concepts.All the best!

That said, an umbrella doesn't have anything to do with the original question of the thread. 

I shouldn't have to "look out" for major issues, if a tenant moves out before the close date and the contract states that the unit will be delivered occupied, looking out for my best interest would be to find out when they are moving out and the state of the unit.I've had rentals for many years and this is the worst buying experience that I have had.Our contract was about a year ago and the reason why I am responding now is for two reasons 1) to warn other buyers and 2) because a potential buyer of yours actually reached out to me and suggested that I post my story on this platform.Keep on responding Katee.

I own a small multifamily commercial in Albuquerque and can confirm the diversity of the economic and cultural factors that you mentioned.