Question: Should I collateralize the loan (if using private or hard money), or rely on roll-over loans (to maximize the lower points and 3-4% rate)?

However, the whole point of making money is to live a better life, which includes caring for family.

I have a great recommendation hard money flip lender I could recommend that we personally use for all of our deals and that I have shared with some of my clients.

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

Unless you are talking serious money, which I would say is 2k or more in excess taxes, it may not be worth your effort.

Structuring Financing for Volume-Based InvestingTraditional financing methods like hard money loans work well for single properties but can be less efficient when you're scaling up.

Are you collecting properties or collecting money?

.#2  MINDSET:  Just like some people will NEVER become real estate investors regardless of time, money, related profession, - MOST people will never become real estate investors.   

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

They have stolen my money as well as hundreds of others.