And depending on the type of loan (commercial vs personal), there are different risks at hand.You bring up a good point though about how much you have at risk vs. how many safeguards need to be put in place.

I just read your "Definitive Guide to IRR" article and had a good laugh at this:"And, since there are so many idiots chasing yield in the marketplace, you actually manage to sell a money-loosing asset at a profit"No beating around the bush or trying to be sensitive.

Pay for the work yourself.Tenants are not going to be price sensitive when it's at your expense, and will exceed that $300 for work they determine an immediate necessity, which will be everything.  

You avoid the issues by taking title in your name, then sell it, several ways to do that and stay  legal, ethical and safeguard your reputation.

I went along and filled out his "application" since it didn't ask for sensitive information.   

They are connected to your account but never actually see or have access to your sensitive banking info.Hope this helps!

We currently rent a townhouse in the very hot market of Asheville, NC.  Got an unexpected notice to vacate at the end of June due to the owner selling the townhouse and have less than 30 days to get out.  Townhouse is...

New Western is not your problem.We try to take every precaution as a company to safe guard investors against this exactly.  

I am hyper-sensitive to other people's feelings and some would say that is bad for business but I have found it to be essential in the deal-creation phase.

@Jacob Smith  if i would have looked into as a flip then i wouldn't touch is based on the sensitivity that i ran (assuming 1) major reno 2) ARV is fixed) On the other hand, if i would buy this to live then why not :)  .