He and his wife just had a baby who needed emergency heart surgery and 8+ months in the hospital.  

However, don't lose heart.  

Buy with your brain and not with your heart.

A car accident, cancer or heart attack make a life time of hoarding cash in a property a total waste.The kicker is no one wants to believe it will happen to them.Life is often too short to work for nothing except retirement.

Or if she still chose to invest with him would have understood the risk.and as a HML I had a lexus nexus product that I ran all the borrowers SS through it was a great tool.. so in my mind if your giving your money to someone who needs your money they need it for a reason.. they are not doing it out of the goodness of their heart.. to just verify they are good upstanding people seems to me for average folks who really have no experience they are taking a lot of trust and faith and could certainly mitigate that by not investing with someone who is not ready for prime time or has proven to be a poor steward of their own finances..   

@Ben Leybovich hearts IRR .. ;)

@Neal Collins  this type of developing is not for the faint of heart city Of portland has become a nightmare for this stuff.that little 3 lot deal on Ivy we talked about 3 years ago I am finally getting my permits..

Don't chance it to having the buyer have a friend-of-friend perform a half-hearted job. 

Thanks for sharing, as well as having the heart to teach others hands on.Cheers,Johnson

If sob stories pull at your heart strings get a PMC to do the work.