Quote from @Cierra Butler: Jonathan, The tenant does not currently owe any money.

Here’s a breakdown of the main ways investors fund their first deal while minimizing their own cash outlay:1.Private Money & Hard Money Loans– These lenders focus more on the deal than on your personal finances.

Depending on what type of investor you are what your goals are you will learn more from the forum than from their bootcamp- which if it only proffers one investment strategy really is not worth the money.  

The owner is making money so the PM should also make money.

Why not save more money and look at higher value properties?

Learning that I prefer money invested in real estate over money sitting in the bank... don't we all?!

There are definitely ways to make money in real estate without needing initial capital but I would say those are fewer and less likely in the current market. 

Cash out: $55,000All money out plus roughly $3,500 in pocket.... principal and interest $767/monthCash flow estimated at roughly: $200/monthMy plan would be to refi around year 4 or so before the adjustable rate kicks in.

Quick money.

I really need to get my money back or pursue legal measures against BiggerPockets .Please advice  Sorry for the inconvenience.