Take a deep breath, put down the Flavor Aid, and get some perspective on ACRE and it Guru.

I've been to Nemocolin, Seven Springs, Hidden Valley, Blue Mt and even the defunct ski resort at Bear Mt, as well as Deep Creek, so I am familiar with the area resorts.

With the market as depressed as it is why wouldn't you want to buy real estate for cash at a deep discount?

There are lots of scum bags out there that will go after any deep pockets on a contingency basis.

Your deep and hard-won knowledge of the local market, that you developed on Craigslist and Realtor.com over the course of the last 11 days?

How much that increases your overall risk profile is dependent on how deep your pockets are, but as you add more and more leveraged properties the risk will increase.You also have a higher risk of reduced returns with an extended vacancy.The really interesting thing is if you are a buy and hold investor, and don't continually refinance to treat the properties as an ATM, the risk profile graphs between leveraged verses non-leveraged converge as the loan is paid off.Of course, we are looking at this is isolation.

It will take about 2 months to complete and be anywhere from 50-100 pages so I can really dig deep into the topic. 

home immediately next door is something of a deep worry to me. 

How deep are you into this??

Then, I'd explain that I purchase at deep discounts, so there is equity to minimize the default risk, and I'd explain that the lender has a Deed of Trust, just like a bank carries a mortgage."