@Derrick Burtle, Putting $60K with all cash offer is not a low-ball offer, but if it's a seller market, your chance to get the property is slim. 

So, the chances of Friscoe Financing being the actual lender is slim to none. 

If the account is in the US, there is some slim chance to get the money back, assuming they haven't already shipped the money off shore (unlikely).BTW interstate/wire fraud should be a federal offenceSome people say absolutely NO up-front payments for lenders, but in my experience hard money lenders do charge a small fee up front (a couple hundred ~ a thousand bucks... not 15k+)..

Unless it's a seller financed note, the odds that you'll track down the note holder and buy it from them (ie bank, servicer, institutional investor) is slim to none.I strongly suggest saving your energy and moving on to the next one.Note investing works terrific but you usually pick from what's offered and not pick a house then buy the note.

Fire remediation is expensive, your chances of getting that kind of money out of a tenant are slim to none, and I don't think a court would back you up anyway if it came to that.

I also understand that they operate on slim margins.

This seems like a slim reason to call these rentals a bad investment.He was very upbeat about lending on 2-4 unit properties, but not SFH's.Can anyone shed some light on his thinking?

I live in a "rough" area on the south side of Chicago, but after doing the math, I realized my odds of having anything bad happen to me was pretty slim unless I joined a gang.

(search the forums as there are many comments/myths about this) The probability of a lender calling a performing loan due is very slim.

I am half owner of a house with my X Fiance.There is a fair amount of equity in the house maybe 30-40K.The house at the present timeis rented,and the payment covers the entire note every month.My dilemma is this.My x is broke and her long term prospects of turning this around due to her lifestyle are slim to none.I am concerned that when the house comes open she will attempt to live in the house on my tab.She also has no money for upkeep rapairs etc which I will have to pay regardless or lose the house.Before the rental agreement comes due can I force the sale of the house or what are my options?