These lenders typically cover the purchase and rehab costs because they’re more focused on the value of the property than your personal financials.Rehab: Use the borrowed funds to fix up the property, adding value by making necessary repairs or improvements.

Should have done more digging up front on everyone involved in the deal, not just the managing GP.

A common use for a quit claim deed is to clear up title issues.

@Gagandeep Singh If you analyze lots and lots of deals you should eventually turn up some that are stronger than others.

I have a home in escrow right now and it’s perfect for sober living because of the area and how the house is set up.

But otherwise, your renovations will take months longer and end up costing more than if you hired professionals.

I looked up the owners, they live in SoCal a few thousand miles away.

just to be realistic i think it would be tough to just pick one up on a 'break.' 

This is a bit of a backward answer because I'd first get counsel on how best to set yourself up for liability protection then the accounts will follow. 

A private money lender could provide that last 10%, allowing you to move forward with the project without needing to tie up your own funds.