The investors accepted it.  3 months later the buyer tried to reduce the purchase price to $2.6M to stiff arm the investors. 

I'm skeptical but I'm willing to test the water to something small first.

In the City of LA these unpermitted units typically still end up with a decent amount of construction work to bring it up to current code standards, but if you plan for it, and your budget/proforma allows for it, it can be an acceptable investment.

Thankfully it didn't get accepted.

Who will accept it, and is it really useful?

That being said there are those that are willing to accept buying in an appreciating area where the rent only covers the mortgage (PITI).

Eventually, the theory is, bitcoin would be accepted by more retailers straight up like Overstock does today. 

Originally posted by @Henry Li:@Brent Olsen@Bob MaleckiI just invested 10k the minimum to test it  out.

. - We almost feel sorry for the foolish/naive DIY landlord that inevitably falls for their sob story and accepts them.We have had 2-3 that have gone through our process and so we accepted their multi-month payment.

SFH for mtrs.Nothing came through.Latest deal looks promising; in 2nd stage for negotations.But there was a plot twist.My current offer is $12K below asking and the seller has accepted it but taken off the offer for seller buy down, and won't pay my agent's 3% commission.