Even if you never collect a dime, it will still sit on her credit report and prevent her from buying a home, buying a car, getting a personal loan, or swindling another Landlord that runs a credit check.

Or are hundreds of thousands of people simply seduced by expert sales pitches and swindled out of hundreds and sometimes thousands of dollars?

Think of how many people prayed to SBF and just got swindled.

I always ask these monetary questions to begin with before I ever join, as I have also been swindled in the past.

I dont think it is right, nor holds integrity for a so called wholesaler to swindle an unbeknownst property owner into selling for pennies on the dollar, only to turn around and sell to a so called investor at or near market value.  

If anything, it looks like you are trying to swindle your tenant not the other way around.

So this happened in Detroit....And you did not foresee or expect this kind of swindle behavior ahead of time.Lots of red flags here along the way.Ask other local based owners who they would use vs picking someone at random.And learn to pay in draws--with lien releases.

I feel like I’ve been swindled and it’s revolting but this house wasn’t worth it. 

You should consider your gut to be a lying, cheating, swindling, diseased-ridden basehead prostitute.

It's great to be charitable, but think of all the good you could do for people who really deserve it if you weren't swindled out of money all the time.