They’re simply projecting their own incompetence onto you.

And compare that to simply refinancing.

Whenever I speak to a group of students interested in real estate, I always stress the importance of networking and simply asking people to coffee.

Some of the comments above are simply ignorant to what lenders allow and don't.  501c3 falls in the same area as non-recourse loans for the most part. 

Additionally, as long as you put 20% down, it typically keeps you safe in terms of cash flow, and then you simply have a couple dozen houses with tenants paying off your mortgages.

Ended off just simply putting a carpet over it.

Finally- you can eliminate 95% of the troubles and risk by simply having professional and legal screening and management processes, so don't sleep on that piece. 

But end of the day you simply have to make a choice and hopefully do the best you can choosing wisely what works for your personal situation and personality.The Norada thread was a perfect example of investors all over the map on how they react when a note payment is missed ..

The question that I'm mulling over is, "Do I step in to fill that need, since I have the property management experience and contacts prior, or do I simply pursue investing and manage my own properties?"

My thought is FLA is sandy soil and you simply dont have as much problem as other areas.. its very cheap insurance for a buyer.. and now a days 10 to 20k to replace the line is kind of the going rate..