If they have demonstrated good communication and financial resilience, perhaps they aught have a cosigner. 

Your true intentions will be demonstrated after you do a few deals and never close in your name as contracted.

Hi Pierre, no problems the staff there have been really helpful as demonstrated from one of the earlier post from the Sunday call. 

Example, individual only has 10k in their own personal name and they cannot demonstrate that they could have done the deal without the IRA, the transaction can be considered prohibited.

It will demonstrate your actual cost basis and increase your chances of puling more capital out sooner than later if you can demonstrate you still have cash in the deal.

As to the step-siblings, not much to be concerned  about unless they can demonstrate they were adopted by your Grandpa. 

Also, if you really want to grow a RE Development business, you need to demonstrate excellence in housing before moving into more complex commercial projects.

I'll just add that those that do this would typically set aside some of the amount borrowed to make the minuimum payments on the CC's (in response to someone previously).Also, if you can demonstrate that the CC debt was used to acquire the property, the interest should be tax deductible (Dave T can comment on this, I've never heard him say anything incorrect about taxes).Obviously, it's a 180 degree different financial world than 4 years, ago, exponentially more difficult to get financing, particularly NOO HELOC's.If you can hold for 6 mths to one year, however, you might well be able to use a new appraisal, picking up the appreciation you forced into the deal, in your refinancing and do this with little or no net funds invested when the dust settles.So if the stars all align... jackpot.

It's been demonstrated in Europe (thousands of times) and even in the U.S.A. (10s of times) that you can build a house or apartment building to Passivhaus standards for 10-15% more upfront capital cost than base code construction.    

In NC a general contractor must renew his license every year and as part of that process, must demonstrate a certain amount of financial health (working capital)... though again, this has limited value in judging his overall character.