You may have an advantage of using your money, but you may not too.Using OPM is a contingent liability above that of the project, just as a lender may seek a deficiency judgment, so can a partner.

I would also recommend honestly asking people what areas you are deficient and then fix those.

In addition, once rent controlled there are few options for getting rid of poor tenants that are abiding by the lease or occasionally breaking the lease but correcting the deficiency. 

So yeah, they found what they believe in their opinion is a deficient roof.  

There are big structural deficiencies with every deal I've ever seen with a Cap rate this high.

I should also add that our mortgage was discharged in a CH7 BK in 2013, so if the investor were to default there would be no deficiency judgement against us, and as long as we're in another home already it would be irrelevant, aside from the fact that we'd have a foreclosure on our record.

I am not confident I understand the law in California for deficiency protection .

I am not confident I understand the law in California for deficiency protection .

hum, I need to check this too.He plans to fix these many of lease deficiencies very soon.Time always tells.  

In addition, the sellers' are 5 months deficient and we are unaware of the current state of the loan.