But, if there’s a roof, bad plumbing, electric, water damage mold, if there’s multiple BIG issues, it’s a no go as it will not be cheap.

Legals mate,Goes into company operating account and not title company.So in a way it isn't a "Deposit".Plus, would never hold onto it and would always refund as we aren't in the biz of "stealing" deposits per se.It's just a sign of good faith that an investor is willing to put their money where their mouth is and the verbiage also specifies this clearly.If they trust us and are going to purchase a turnkey property from us for $80,000 in cash for example, then there should be no hesitance in paying a $5,000 refundable deposit either.Who bulks at this, isn't serious and hasn't done enough research on our market, company and operation so it's a "no fit".Introduced this a while ago as a protection method to not waste time on calls, deal presentation, company resources, etc... only for someone to go MIA and steal all the inside knowledge they gained from us.

I have not personally seen it make sense to pay for a no ppp in a dscr. 

Quote from @Steven Goldman: @Alan Asriants   The deal you describe is a no go for me.

I have a no animal policy (unless it's service animal which is required by law).

@Jacob A. No

While they are getting a no, some other deserving family is getting a yes. 

You can do a no income no doc DSCR loan 30 year fixed cashout upto 80% .

sounds like a no brainer

After speaking with him I am a bit discouraged along with not being able to find a private investor, since hard money won't loan to this low of a purchase price and traditional is a no go.