You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

So you better find something that cash flows or you’d be better off putting the money in a bank CD. 

So many "investors" bury themselves in complex, expensive situations to protect themselves from some unknown threat to their non-existent business.Figure out if you have any shooting skills (or even enjoy the game) before spending money on $600 Nikes or an indoor basketball court. 

They would be putting in some money and their service as sweat equity, and we would be putting up money and my wife’s services. 

After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.

But it is very risky and you can lose all of your properties if things go wrong.

A line of credit won’t commit you to a monthly payment unless you use the money, so you can avoid paying interest when it’s not in use.

If its four months from now, then explain to him he's going to be evicted, will have a record, and it will go to collections for all court costs and rent money owed, to the penny.

Even with 100% occupancy, I don't see how anyone could make money.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.