To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

Do you know your stuff or not?

It's certainly possible all of those individuals and others are just working on burnishing their interests so people come to them to buy stuff, but in general if you're anywhere reasonably active here without trying to sell people on investing in you, you're not likely to be a pitchman. 

FHA allows the construction or renovation of an ADU on the property by refinancing into a 203k loan, but the property must remain your primary residence.This stuff is subject to change, lender specific, and subject to other factors.

All the various consumer laws exist specifically to stop bad actors from doing stuff like this. 

Realtors know nothing most of the time and will sell you anything with unpermitted stuff.

Hi James,I personally don't have enough experience to answer your question, but there is some helpful stuff in a similar discussion here: http://www.biggerpockets.com/forums/52/topics/1779...You will find related discussions to any forum discussion you are reading at the bottom of each forum discussion page, and they can often help you find posts that answer your question.  

I see some stuff he was talking about in Baltimore like around zip 21218 where you have St John Hopkins University and other universities.

Sounds like the velocity banking stuff that was popular for a while.

Usually it takes them weeks to respond and they come up with some crazy stuff like by business is paying for the trip and need to pay with a certified check outside the platform.