From your lack of knowledge in Contract Law and Business Law from your question I recommend to take some private or community college classes regarding those 2 topic unless you already have done so.. or you will learn the " HARD WAY" that could mean a whole bunch of financial loss or court battles that will destroy your " Investor / Loan " plans.

The US government can use drones to destroy the entire planet 7 times with nuclear weapons.

About 4 years later Hurricane Katrina hit and my parent's house was flooded and destroyed.

When Mayor Davis left, he (allegedly) destroyed the office.

At the extreme end, possible unprecedented Presidential emergency powers the likes of which have not been seen since 1960's school desegregation cases or actions as extreme as those taken by the Lincoln administration during the Civil War (blockading ports, destroying or taking over newspapers and mass media, arresting governors and even congressmen, etc) and later during Reconstruction in the South; Wilson during WWWI, FDR during WWII, Bush and Obama post 9/11.

For obvious reasons a crash is never good considering people lose jobs, houses, families are destroyed but for people in a position to capitalize its a great thing! 

Most renters are not homeowner material, so if you gift them the home, they won’t take care of it and when it deteriorates to a point where it’s not livable anymore, they’ll simply leave and you will have a destroyed home to deal with.

MorrisThanks for the post it generated some good posts.Remember only you can build your credibility AND only you can destroy it.You are in the business of HELPING people.

When you can make a unethical choice such as this you are destroying your charactor and how you view yourself.

Are there any other mistakes that new investors make that completely destroy there plans?