If you believe you have no options but to hire a contractor then you should also find an independent boots on the ground person to verify all work preferable before intermittent or final payments are made.Some new investors make bad decisions because they get overly optimistic about the character of a contractor because they are desperate to get the work completed.

There definitely is a desperate need for affordable options to housing there.

Originally I was building these for year round rentals as we are in desperate need for long term housing on the Outer Banks to say the least.

I guess my greatest beef with most gurus (not all, some are actually honest and straightforward, and even offer marginally beneficial advice) is the following1- they’re dishonest in numerous ways2- completing their training in no way qualifies the student to earn money or even perform competently in real property field3- the techniques they teach are often harmful to the people their students deal with4- they unleash a horde of unprepared, unqualified, unknowledgeable, misguided and unaware newbies on an unsuspecting pool of desperate homeowners5- they sell the song that all formal education is a waste of time and money6- they never provide any audited proof that they have been successful in real estate investing7- they encourage people to pay for a mentorship plan they can’t afford by increasing the limit on their credit cards8- they create falsified accounts to post how great their program is9- their programs are packaged by professional seminar companies out of Provo, Utah or Las Vegas, Nevada10- they disparage people who have spent years accumulating the knowledge, experience and capital necessary to be successful in real estate11- SOME gurus teach techniques which are unethical, immoral and even illegal. 

Life.A deal I've been working on for close to 3 months is suddenly falling apart and I am in 'desperate' need of a hard money lender that operates in the Chicago area.The property is a 2-unit owned free and clear that was bought three years ago (around the time I made my last post!)

I'm not sure whether it's easier to believe she got past by screening somehow or if this is a case of a woman who was doing fine and had recently become desperate for some reason.

The town is desperate for housing with no available rentals.

I agree with you at time I have felt desperate to do this and like you say explore all your resources.

I was in desperate need of monthly passive income so took the plunge.

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