You can make or lose a pile of money in any of those.

Then when you inform the newbie of the reality of dong subject to transactions, or I inform them about the pitfalls of originating hard money commercial loans, they accuse us of being bias, killing their dream, "hating" them, etc.  

You might find out you would collect more money with a PM than you do managing yourself.

My concerns are debts that weren’t paid or charged off if it was recent and especially if it was property related (utilities, rent, etc).  7 times the rent just means that make a ton of money and spend a ton of money.  

-Will my father be able to transfer money into the LLC/Trust account without it being seen as a gift?

A/C vendors make a lot of money on spread, so keep asking. 

You don't have enough cash and your plan is to borrow money on a project for which you are not capable of developing a realistic scope of work and budget.

So even if the ARV would be $240,000 and could rent it out for $2,000, I would leave money on the table?

To me, low credit is not an automatic no but they really need to have a solid income and money in their bank account.

bought a condo with hard money.