So, I borrowed the money from the person that stayed in my first house as she had just sold her house and made a fair amount of money off of it.

Soon as they’re notified there’s money to be had, all the relatives who never gave a s—t are hiring attorneys to press their claims.  

I knew how to get the money and they knew the nuts and bolts.

Not to mention if there is a premises liability claim amongst many other incidents that could arise at your property, the plaintiffs attorney will file their claim regardless of who the true owner is because it’s the insurance money they are chasing. 

I’m not here to yell you not to do it but I’d spend a good 80 hours obsessing on this forum and reading books like @Brandon Turner no and low money down before you take the plunge in to Brian Page.

I generally think about this from the perspective of time vs. money.

Permits are not expensive, getting the drawings and engineering are where the money goes.

Experienced rehabber (40-50 deals/year) looking to shop some more hard money lenders.

@Don Blake, unfortunately you cannot assume what he or she said was true with regard to the deposit money.

The number one reason rehabs fail is the owner advances too much money to the contractor who uses the money to complete other projects or, go on vacation.