Your last sentence about using a different property as collateral is very important, obviously.  

I know this from first-hand experience dealing with the FBI to finally get a scammer and fake guru convicted and sentenced to prison, even after supplying them with ample evidence of the fraud.

AP is a messy, risky and specialized tool spoken of briefly in law school and perhaps a sentence or paragraph in real estate law for broker exam. 

Look - I know investors are enticed by the word "cheap" (I'm an investor too), but "cheap" and "contractor" should never be used in the same sentence.  

That is tax evasion, and it can get a federal sentence.

Rich Weese - could you clarify the sentence in the quoted excerpt?

Sort through them and find a few that can actually put together a sentence and eager to work.

Does that sentence even make sense?

Note that I have typically found that more expensive attorneys cost less. 30 minutes of time from a $500/hr attorney that knows the business cold is a lot cheaper than 5 hours from a $250/hr attorney that has to research everything because they don't know anything.While I would consult an attorney, I do like @Shaun Reilly 's suggested three sentence reply, and I would limit my response to that.

You just taught me more in a few sentences than I have learned in a week.