As an out of state investor I had to put a lot of faith in her.

@Joe Alford at 102 after 30 years of faithful Rent pay.

And if your a buyer that puts alot of faith in knowing that the property you are purchasing has a good CAP rate, these properties have cap rates between 8% and 21%!     

Just reiterate that the non-refundable reserve fee was paid to hold the unit, and you lost other potential tenants while you kept it off the market in good faith that they would be leasing the property.

That is a lot of faith to put on one person, no matter your experience level.Now the reason I say an equity position is that you may find a PARTNER for a deal that would provide the 20% downpayment for a certain percentage of equity in the property and may also want a say so in how the property is run, renovated and rented.

Most will try to work with you if there's a good faith effort and some reasonable path to a successful conclusion.

I'm asking because I wouldn't want to bring down payment money to the table in bad faith if a lender is truly expecting that all funds that I bring to not be committed or due anybody.I've read that lenders don't want the borrower to be over-leveraged and have skin in the game, I get that. 

With that option, I'm assuming the agent would move on and sell to the person who has the money already, or is that where a good faith deposit comes in?

Everyone has to take that leap of faith on their first deal. 

@Faith Gracia Depends on how much you've got and what return you're looking for??