I foresee that eventually some platforms may allow non-experienced operators as well, though those deals will be underwritten differently and will require more safeguards and, in the case of debt financing, higher rates.

I'm not quite sure the specifics and the differences but you do want to create as many barriers and safe guards as you can.

This supposedly leaves you out of a property, but not stuck in debtMy question is, what other ways are there of safeguarding your investment?

The article wasn't trying to glorify or excuse the deadbeats but point out how badly the entire program is being abused without any sort of safeguards in place.

As the lender has probably started a foreclosure action, and a receiver has been appointed, the receiver has probably terminated the listing agreement with the previous listing agent.Receivers are appointed to safeguard the property during the foreclosure process; and, protect the lender from any claims relating to interference.In many receivership orders, the receiver is given the authority to manage, lease, sell, etc.; however, both parties (lender and borrower) might have to agree with the offer.My recommendation is to deal with the receiver and make an offer.

Theorteically, they could even help me before I let a tenant in by guiding me through the safeguards before I hand over the keys - since that is a legal transaction.So, for you - every road you take will lead to some sort of legal action or question, I think.

I usually take out 20% of rent as a safeguard, and I do all my own repairs.Hope this was helpful!

I use this formula which safe guards me so that I can profit."

The flip side of that, is 1) if they're open 24/7, they're probably going to charge a lot2) if they're called out for a $3 plumbing problem, even for non emergency repairs, they'll charge $250, and 3) I need some safeguard from my tenant calling them for frivolous repairs, or from a tenant who is just purposely trying to raise my costs.What suggestions do you have, and how can I find a COMPETENT team of people, who are AVAILABLE when they're needed, and have reasonable rates?

The leading real state books and educators teach the following basic approaches to buy real estate creatively.Some good and some not so good.Later I'll discuss the pros and cons of the best creative financing methods so you can determine which to use for your particular situationLand ContractsOptions, Leases, Options to purchaseAITD's (All inclusive trust deeds or wraps)Seller carry back deeds of trusts/mortgagesTaking subject to the existing financingNot recording the deed, which is dangerous if not properly protectedRecording a memorandum of agreement Trusts:Transfer the property to the sellers trust, get the bank to approve the transfer and then have the beneficiary of the sellers trust changed to the buyer.Just transferring title into the buyers name hoping the lender won't call the loan.Equity shareAny of these will trigger the due on sale clause and as a buyer or seller if you haven't put safeguards in place, you are unprotected against claims against the title from showing up and or the lender calling the loan due.Are you prepared to take the chance that the seller may further encumber the property or resell to someone else?