Hey @Bob Malecki,Thanks for chiming in.We have accepted money from sophisticated investors in the past, but we currently only accept funds from accredited investors upon approval.Best,Dave

There is no way to know if the interested people would have applied, been accepted, or decided to move in mid-month.

Yet, you should never say never and any investment carries a certain degree of risk.

I’m not exactly sure who would have been liable, etc if we accepted it as a bonus., but we immediately paid off the first lien. 

Standards have to be a bit stricter, not saying higher, but stricter.Another guideline is every April & October, everything is paid with cash and if cash is not accepted--debit card-- it really makes you look at how you spend.

As soon as the offer was accepted, we set up an LLC and transferred the contract over to the LLC, of which I am the sole member.

You market your property like you would any other rental—put it up on Zillow or AffordableHousing.com, and make sure to note that you accept Section 8 tenants.

Being novices in the game we do not have the legal or business background to know where to begin on accepting funds.

They are pretty much wholesalers, cash or hard money almost exclusively, and a lot of buyers have an. offer accepted sight unseen.

Also, never accept responsibility.