. - The nonmember assumes only the remaining unpaid balance of the loan (no new money or refinancing);- There is no extension of the original maturity date beyond that specified in the loan agreement with the member;- The original loan was not made to the member with the underlying intent of having a nonmember immediately, or soon thereafter, assume the loan;- The terms of the assumption are consistent with the loan agreement and in compliance with the FCU Act, NCUA Rules and Regulations, and other applicable law.My guess is that they will initially say no.

I guess that investor side really creates balance because most would write that review and could care less.

So, basically, they would be risking a lot for a limited return.And let's look at the #'s:1) Your way    Investor invests $100k, profits $75k     Return = 75%2) Typical Deal      Investor invests       $50,000 (20% down pmt)       $5,000 (2% closing cost)       $12,344 (6 mths holding costs incl- mtg @7%, utilities at $250/mth, taxes @ 1.2% annually of purchase price, insurance @ $720/yr)        $100,000 (rehab costs)        So, total monies invested = $167k (rounded)          Profit = $500k (SP) - $200k (loan balance) - $117k (rehab + holding costs) = 132k (rounded)         Return = 79%So, if I did my #'s correct and didn't miss anything, the returns are actually not much different, but the risk profile is.

The repayment period is the time during which you must begin repaying the principal balance of the loan in addition to the interest. 

Because you will never get surprised by an adjusting rate or keeping a balance on it.

This balances your desire to be respectful, but also gives you a shot at getting the property still, at the right price. 

Move out 30 days later and they will apply your deposit to the fee and charge you for any unpaid balance.

It can be whatever you two agree to.Could be amortized, maybe that's the expected.Could be simple interest, say, a single interest payment each year based on the balance on Dec 31.Could be a hybrid like no interest the first X years, then amortized after that (and pay down as much as you can those first X years)Just remember to find out what they want and give them that.

So, pros and cons, but as a longterm investment, little has as strong a track record as publicly traded stocks.Just injecting a balanced perspective into the (rightly) real-estate-favoring conversation!

Cash can be a HELOC the same way that you can carry a credit card balance of $5k and have $5k in your bank account at the same time.