I borrowed 100K from another free and clear property, and took a 30K 1st from a private lender leaving me out of pocket under 6K.

@Kashif Riaz I'll ping you privately.

There is nothing that replaces a live conversation with someone who has already built that trust over time.  

Hi BP,I am in the process of building out my lead generation system and have found it to be a little bit of a struggle with the flow of conversation when a lead calls me. 

If no bank will touch it, it will have to be purchased using cash or private money/hard money.

If it is a note and not the fund, is it performing or non-performingIf it is the fund then you need to read the operating agreement and any private placement memorandum etc about the risks etcHave you asked them for referrals ?

You or your attorney can file private criminal complaints or whatever, but dollars to donuts, that money is gone.Remember, you cannot collect a judgement against someone who has no income and owns nothing. 

You just have to make sure that your property is rented and meets the 1.2 debt service coverage ratio with the rental income it brings before you apply for the refi.I am assuming you are planning to buy with your own cash or some form of short term private financing.

It is also in a speculative neighborhood with many new private and city projects breaking ground. 

Have you had a conversation with your family member on their expectations of getting into the deal with you?