But if you're just borrowing from friends/family one at a time, there's probably other free options.

I own four in my name, and the process stopped pretty quick after that.So I'm back to where I started.

I've seen a scenario where the PMI payment was out of compliance due to disclosure errors, and as a consequence of the post-closing audit the borrower was notified that the monthly PMI payment was being reduced to $0/mo.

Could it be estimated as original borrowed amount + interest that would have been amortized or is it likely to be some nightmare # like  principal + interest + penalties + interest on penalties?

All 4 investments ran into trouble, namely the borrower has stopped paying and gone into default.

Do you mean that if they are tenanted and paying rent that the borrower should theoretically be making payments on his debt?

The borrower and the asset itself.Borrower:Your credit (are you a trustworthy borrower), are you capitalized enough to float this project/ cover the debt, track record (borrower/ contractors experience).Asset:Comps (as-is & ARV), LTV metrics (lender can help verify these if you have questions), detailed budget and scope of work, tentative schedule, exit strategy.Of course any lender/ partner will dive in a little deeper after the initial pitch but if you have all of the above ready for your initial conversation it will go a long way in getting deals approved/ partners on board.

I really love this site because I feel that the individuals on here are really genuine.I really want to help others get out of a financial situation and I'm really passionate about the real estate business.I really want to network with others and learn more even if I have to pay.I am finding leads and a question I wanted to ask is if a house is up for auction is there a way to stop the home from going to auction before the day of...

Traditionally a borrower needs 25% down to purchase investment property's with conventional and conforming financing. 

Call or stop by some of the properties...show up well dressed.