I also have exposure to mortgage financing, accts. receivable finance, purchase order financing and commercial letters of credit.I decided to focus on the pre-foreclosure market to do two things.

Originally posted by @John Chapman: Albert, What would be an approximate rate and terms for refinancing a duplex at 70% LTV with no cash back.The product above was only for SFR's pricing was phenomenal at around 4.375 to 4.50% 30 year fixed unlimited financed properties 740+ fico only and 9 months reserves on all properties with a maxim exposure of 3.5 mil to one individual borrower up to 70% LTVI have another portfolio product that will accommodate 2-4 unlimited financed properties: You're probably ranging from 5.125 to 7.25% from 5/1 ARM up to 10/1 ARM if you need more time all on 30 year amortization terms with Prin/Int payments.There are adjustments to rate and points depending on your terms and this product is only up to 55% LTV market value.

Maybe you could pay their deductible if you feel responsible and that may limit your exposure (if they have insurance and it is covered of course). 

It's the flipping, tenants and property management that I have no exposure to.  

Any other creative ideas that make this smooth for him/I and limit my 'exposure' so I can easily do future deals?

They are very receptive and I consider it a treat for them to have such exposure to these opportunities at a young age.

Too much exposure.

Your best teacher, coach or mentor is YOU......You getting involved, You listening, observing, making offers, networking, hanging around folks you respect and are doing what you want to do, reading and exposure to  experience.Knowledge doesn't have to be expensive........Wisdom is priceless.

In terms of rehabbing/enlarging, I don't have the experience or prior exposure and feel that at this time it will compound my potential to take a bad deal.

I would think that being a note buyer has very little risk exposure.