We sure have and are now doing a deal for this investor where they keep 100% of the profits.Folks that do their best, will make mistakes (Honest mistakes for those that work with integrity).We have been thrown under the bus quite a few times on this forum like many others but I sleep peacefully because I know we don't steal, cheat or lie and always do our best for everyone.Many times things work out well and other times they don't.Such is real estate and such is life.I don't think one can be blamed for doing their best.Upwards and onwards and wishing you all the best

If that doesn't work out I would just say wait till you have the additional 5% down saved 

The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”

Again, thats a no brainer.Getting units ready for rent is much more time intensive than you think. 

A drowning man will grab at any rope.Maybe you can make this workout if you can find something . 

For the Gator loan you would work out some type of repayment structure and a lien would be placed on the property or some cross collateral. 

Maybe because all “leasing agents” and “supervisors” are completely inexperienced in property management and work out of a call center in the Philippines. 

A GP could say some deals do not work out and oh well but the negative press your company gets and the LP losses incurred those investors will be lost forever on future deal and they will tell everyone their story.

Without that it will be a tough task to accomplish unless you work out some custom structure or bring the GC on the loan with you so you can leverage their direct experience.

But the intensity of that process becomes all the more critical when dozens of candidates are often interested in a rooming house vacancy.