I don't know how many of you are owed money by him, or if he was involved in your dealings, but thought you all may want to be aware incase you need to take action.

But even better is that you'll have enough equity there to where you'll be able to refi sooner and pull all your money back out so you can grow more. 

I have a client in KC that does this for one of his properties where he enters into a "master lease" with the organization, so the org pays the rent to him (less risk to my client), and then the org handles getting the rent money from the tenants/their clients.

I always recommend people to not buy cool properties but buy properties that make money until you get to the point that you are wealthy then you can buy cool properties.

Quote from @Lorraine Hadden: He also said to be fearful when others are greedy and to be greedy when others are fearful.Some people are holding onto their money, waiting for a correction so they can snatch up deals.

For the last 22 years I've been involved in real estate as a house flipper, with extensive experience in building and renovation contracting, owned a residential property management company, and now have a private money lending business (licensed NC re broker).

I could have put three B class doubles in front of you with good numbers before you finished reading this... time is money!

But as to best use of your money - leverage gives you 4 to  5 times the volume of properties that you control with the same amount of money invested.  

Most of the time, unless you bought many years ago or got some other crazy deal, primary homes don't make good rentals because you paid too much for them to ever really make any money.

Make a little money on the price and a little on the interest rate.