I encourage your friend to forward the unredacted prom note to the SEC via this link https://www.sec.gov/tcr Click on Submit a Tip.

Quote from @James Boreno: One of my SFH caught on fire and I'm in the process of selling it to a contractor.

I have a BS in project management, and I can say I have never seen anything like this in the construction field.  

Good to see another local investor in Charleston.

@Jung Lee, Welcome to the community!

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

There is a 30 year conventional loan product that only requires 5% down, which is great to use with this strategy.Are you focusing on investing in Bangor specifically?

This is useful information but much more useful would be a look at the pitfalls.

Although I wouldn't suggest this and you don't need to do this, most lenders have a due on sale clause and this could be triggered (altough low probability) when transferring title out of a borrowers name. 

That's the first place to start.I can tell you what to invest in and where - but you won't listen unless you really understand this business first.