(Realize we didn't even own the house.) he said what do I tell them?

I realize I threw a lot out there.

Once I have determined if something meets my CAP rate goals, I simply use this as interesting information for review as I compare it to other investments - but again, realizing it is false precision.

You definitely want to have some cash available (either yours or a partner's) but I think it's important to realize that you never really feel "ready" for any new project.

I realize this discussion may have more parts to it than would fit in a blog post, but any information/direction would be greatly appreciated at this stage.Thanks ahead of time BP!

.: it's a local bank and it's against 7-9 properties. dont remember the details. we did a refi, combined the properties and they said, "here's the left over in a form of LOC. you can use it if you want to. it's interest only until you put the new properties into a loan".you should get that... we never realized how much it would help us. 

I realize I would need to show individual credit but  it would have at least 70% ltv.

I realize that "hobby" effort yields "hobby" results and "full tilt balls to the walls effort" like you put in yields results that you would expect.  

Realize the rules change for lending on someone's owner occupied property, but on a one-off deal like this, I'm sure your state will allow a personal loan for such a small amount without many stipulations.  

After a short while we realized he was paying just to get her out of his house and I started to consider it a rent/babysittng fee.She called constantly: There was water in the carport (it had rained), light switch stopped working (it was on a dimmer), ants in the kitchen (don't leave food out).