If you don't have a lot of experience rehabbing a property, this could put you at some risk for losing money.

At or about 2%, much lower than that (when using MLS) isn't a deal and I would break even, lose money in the opposite of an "up and coming" area. 

What is there to lose?

What is there to lose?

I know the crash happened in 2008, but how did you lose your apartment units.Thanks.

The agent confirmed to me that regardless what my inspection turns up, even if the roof is falling in and the foundation is crumbling, if I cancel the deal for any reason, I still lose the "option" money paid up front.

some states that would be a very big violation to the point were they could lose their license

I tend to be rather conservative and dont want to get into a spot that I lose my shirt in order to pay off the hard money lender.  

It requires less cash to get into the property, you have fewer holding costs because you've combined that with your own monthly housing costs, and if things go much slower than expected, as they always do, you aren't going to lose the property – unless you bought something you cannot afford.

But the key is to managing it successfully and this is where most people lose their shirtLong story short, we slowly removing non performing tenant and move in good tenants.