These executives receive no salary or other employment benefits from RAD Management but “will realize growth as owners/members” of the firm, according to the document.Under RAD Diversified’s registration with the SEC, any investor — not just “accredited” ones with high net worths — can buy shares, as long as the investment doesn’t exceed 10% of their incomes.

Just because a buyer doesn't fit the bank criteria, does not mean that they are a poor borrower.

Quote from @Chris Seveney: @Jay HinrichsGreat points - yes many are from here on BP such as a bearded guy, a guy who threatened to sue a LP and still doesn’t respond according to his investors, two other “note funds” one investing in skidrow homes and the other in broadway plays….

My income doesn’t show itself as being very high, but I have a relatively large amount of cash to put down.

If Caleb doesn’t respond you might want to check out this thread https://www.biggerpockets.com/forums/51/topics/816680-real-e... 

Most of the lenders I work with (provided you have experience and a credit score over 660) would do up to 85% of the purchase price and up to 100% of the rehab costs, provided this doesn't exceed 75% of the ARV.As for the idea of selling the land, great idea.

First, Nomad doesn't arbitrage.

A SFH doesn’t require a 20% down payment; you’d have PMI to deal with, but as you probably know, it’s usually a manageable cost.

If one has high living expenses, cash flow doesn't mean much and I definitely understand going for appreciation first.

The current owner listed last years income as $51,000, but currently has rents at (for the five separate units): $650, $750, $800, $825, $1125 (the math doesn't totally add up so maybe he changed a rent payment at some point).