Eg they borrow at 4% and receive say 7% giving them a profit of 3% for no money down but a little time for the loan app plus the risk associated with repaying the loan if it goes belly up - though with 20% of my cash down the risk is low for them.  

Also, completely off topic, he owns a small juicing company located in Minneapolis.  

Thanks Miss Hooks-Bell, I appreciate the help! 

I'm with on the juice not being worth the squeeze.

@David Bell I have had some success in buying lots for $5000-$10000.

I live in Spartanburg and this property does not ring a bell. I

I read pro-formas all the time that try to juice the descriptions of the property.

David Bell I am assuming most of your rehab is going to be capital improvements which you will add to your basis and depreciate over the useful life.

This way if a few go belly up, it's not a significant impact on your overall portfolio.  

two schools of thought here.One is your ONLY job is to get an appointment.. as real estate is belly to belly.. to easy for people to blow you off on the phone or e mailTwO.. you want to qualify them so you don't waste your time..