BK to understand the risks of investing in a fund that craters..

Down payment amount varies and more you put down the highre you will be in the queue of applicants, also down payment varies per your credit...Dodd Frank IS in play!!

Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.

I want to take this opportunity by qualifying for REP status.I have also been meaning to build 2 units in my backyard and put them on rent.

We do recommend screwing a lockbox to the side of the house and putting a key in it as an emergency backup.You can use Turbo Tenant or ShowDigs to get agent showings.Maintenance while vacant will be challenging.

Also, when you say "or no checks" do you mean there's a risk of not getting returns?

However, I was lucky enough to be put in contact with our area hospital's HR Recruiter who has had a few of their corporate employees stay at our properties.

Many sellers offer owner financing at high interest rates (often around 12%), but I’ve seen investors buy properties this way, hold them for a while, and then refinance with a bank to lock in a much lower interest rate.Here’s the strategy I’m considering, but I’d love to hear from those who’ve done it:Step 1: Purchase the Property with Owner FinancingFind a seller willing to finance the deal.Put down 10-20% and agree to a 12% interest rate for 5-10 years.Example: Buy a $55,000 property, put $5,500 down, and finance $49,500 at 12% interest.Monthly payment: $710.18.Rent out the property for $1,500/month while preparing for refinancing.Does this sound like how you guys structure your owner-financed deals?

The main idea is maybe you could head these inefficiencies off and proactively build trust by putting skin in the game by formalizing your relationships and position in the deal. 

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?