I think it's very tough for new people to understand the real cost of renovating an apartment, house or building. 

But, I'm not that desperate to potentially jeopardize my account's status.As for private lending, I THINK debt is safer with the self directed accounts. 

Not a cheap solution, but a lot more aesthetically pleasing and safer than that picture.Maybe some type of spiral staircaseGino

I understand—it’s tough when deals fall through.

Hi Lauren, as others have said Boise is a great place but a tough market for cash flow these days.

., generally speaking, every North East Atlanta suburban market will be tough to find and acquire cash flow deals (especially with current rates).

However, it started to get a bit tough since he is no longer in communication with neither me nor the seller and he is living in the house.

You might also consider forming an LLC to manage the property-related business activities while holding the property in your name to stay within your lender’s requirements.Explore safer rental strategies: If you’re open to short-term rentals, Airbnb’s Host Guarantee provides additional liability coverage, which may offer peace of mind while keeping the property in your name.

Otherwise might be tough to get lending on all that. 

Lastly assignment of rents  Now keep in mind my were residential but getting tenants to pay a note holder is pretty tough and if they wont you need a court order which is usually not worth the time and expense..