Best of luck with selecting your market—there's a wealth of knowledge and supportive investors here to help guide you along the way.

If that investor hadn't planned it carefully and re-invested that money into the property or even the purchase of another then a recapture fee would hit them hard. 

I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!

., unfortunately, to add to the frustration, Buildium's journal entries do not allow you to enter a vendor for the expense, you can only select which GL Account to debit and which payable to credit, so I'd still be stuck not able to track vendors for 1099's, see below.  

Most long-term lenders will use an AMC to select the appraiser.

I have loss GOOD TENANTS because they shared a porch with people they did not care for.  

@Danielle B be VERY careful with S8 "gurus". 

If the tenants don't care for the pool properly, it could cost you thousands to fix.

If they are not willing to fund, I would crunch the numbers very carefully on your end before pursuing other options.

While I was running my inspection business, trying to build a real estate business, and taking care of 4 rentals with family, I was also going to night school to get a degree in MIS.