A LENDER lends only money over which he has full underwriting and decision making authority.  

The author attended my REIA for a while and I really enjoyed talking with her as a newbie starting up because she was so encouraging. 

Just read this incredible headline WOMAN APOLOGIZES FOR FIRE STARTED BY EFFORTS TO KILL BEDBUGSMonday, November 09, 2015 11:00AM DETROIT, MI -- A Detroit woman has apologized for a massive fire that she and authorities said was accidentally started by her efforts to eradicate bedbugs from her apartment.Tuesday's fire tore through Ramblewood Apartments, destroying the 48-unit complex.

I personally heard this strategy from Gordon Moss but I'm sure it's been around for a long time.Just to be sure to give credit where it's due, this strategy was first told to me in 1979, by Jimmy Napier, author of the BEST book on note investing ever written 'Invest in Debt'.

If you already have two tenants, that means your rental unit has been approved..your tenants are screened (since they have to be screen through the housing authority) and you get to promote your rental place for free?

The author was completely empathetic to my client.

The author was completely empathetic to my client.

Some of the repairs we authorized but some were done without our consent - we were just billed.

The guaranteed payments from the housing authority is appealing to me.

You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.