Someone who gets burned out because they did not align their natural compulsions with the right activity will never be able to compete with someone who sustainably loves what they do and would do it for free.

Let 'em burn if he's one of the unlucky 0.25%.

If you've got inspectors signing off on work they haven't seen, that's not common sense, that's shooting craps the building doesn't collapse or burn down with someone inside. 

We have a fat Heloc on our paid-off primary.

I’ve done both for OOS REI and it’s time consuming and I did it for free to build relationship and got burned and will be slower to consider it again…but, still, after 3 weeks I would still be back to my first paragraph.

If there was too much heat the weld would burn through.

I am talking they stated things similar to... the best thing that could happen would be you buy it and it burns down.

A fat heloc is my recommendation.  

Looks like you are going to be light years ahead of your friends but don't burn out too soon and enjoy the journey.

i think owner financing is the best way to go, of course make sure your paperwork is up to snuff for both your interests and the buyer so no one gets burned, but it definitely will open up a larger pool of investors wanting to buy your property, i hunt seller/owner finance deals but here in my area they are like finding a 4 leaf clover, almost unreal  but make sure you have the proper originator/attorney help with the paperwork so it is filed correctly and recorded so you are doing it legit. but as far as the deal it is how ever you want it to be,  the term,rate,down payment "if any", complete casual an creative finance option for people, "of course negotiating with the buyer on terms as well" but it has limitless possibilities for you and your buyer, best of luck,Jay,