because I was paying my bird-dogs vs having them pay me and just promise how someday, maybe just maybe they will bring the grand-slam of a deal and then I will be paying them oh-so much $$$$$ Seriously, from those buying into this I gotta understand how your mind works, no insult meant, I am genuinely intrigued and baffled because if it's a good deal you can go to any number of investors and get $, not a one will charge you for the opportunity to present them deal. 

The insurance quote at 5% wind/storm peril basically meant a new roof would be out of pocket for me.2.

I assume you meant, regardless whether the person named in the note actually lends their own money, it's still owed to them because the agreement is binding. 

if you meant that you'd buy in cash, fix them up, not refinance, and hold... then I don't think I understand how you envision that working."

I don’t think that is the person this sort of situation is meant for.

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Which meant that the banks suddenly did not have enough “safe” assets like that super-valuable & honest Treasury Paper.

Maybe they meant a different context.

I have actually been thinkin about cutting losses honestly, I am not sure this is the best investment I could have made as my first but worried about how much of a loss I would have to take.It is meant for S8 for sure, I would have a stringent application process, and give the neighborhood a C from my research.I invested there because it was the first deal that basically fell on my lap where the mentor works with agents that Seller Finance deals, it was only $3k down and had thought the proximity to St.Louis would be attractive to tenants also.I effed up on waiting to post for rent until after all repairs and the COO for sure.  

This meant I couldn’t pursue the driver personally and had to rely on their car insurance, which settled for $25K—their maximum coverage.Unfortunately, the crash added $77K in unexpected costs, including $41K in repairs and extended holding costs.