Initially, tell him the considerations with the options and later ask him what he thinks of the options, then explain the considerations.

Initially when we began we decided on things by gut because we were learning.

Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.

But what I found ironic are:- Andy, who has been working full time in RE for 4 years, are finally going to make $50K passive annual income from rental (with a flawed net profit calculation that didn't income vacancy rate, maintenance fee); and he said after attending the $39,500 program, he paid total $80K--poor Andy didn't even make his initial investment back after four years and yet they are demonstrating him as a success case.- In fact, Andy is now a "trainer"--which seems to me, training is their stream of income, not real estate- Andy revealed that he found his deal leads through words of mouth; what's ironic is the instructor kept on selling the importance of the company's Elite Success Software and told us we can't make deal without itInstead of teaching something, they spent the whole third day (at least until 1 pm when I finally decided to leave) selling the program.

My initial protege added an ADU in Escondido which is working class like El Cajon.  

Initially we were thinking about "What do we need right now?"

Most sponsors returned my initial message/email within a couple of days.

Initially I would keep 3 of the units on 12 month leases, and utilize the 4th as the furnished month to month, for proof of concept in the area, before converting the other units. 

If it were…you bet your *** that the real estate world would hear about the lender who is initiating a ton of foreclosures.

I’ll provide an overview of the situation and my thoughts/attempts on how to structure the deal.Owner: He is in his 70s, payed off asset, appreciates the return profile of his property but is no longer interested in the management and hassle aspects.Details: Before I even asked, he mentioned that he isn’t sure where he stands in terms of depreciation and is somewhat concerned about the tax implications of selling.My initial approach to discussing creative financing: Me: "Have you heard of or would you consider seller financing?