Much of what you can find on the internet that is negative with respect to the ROBS program comes from sources whose real interest is other than protecting investors.  

As a parent of three girls I give you much respect for doing what your doing especially from a far!

I have read many of your posts and highly respect your opinion.

I have a high amount of respect for their company and the integrity and transparency of their owner Alex.

This round-robin loss/acquisition cycle went on for a couple of weeks, and then he disappeared shortly after it all fell apart on him i.e. we all pretty much found out about each other and what was going on with our respective projects and confronted him about it.

With respect to conventional financing 5% down is the minimum down payment allowed and generally the min contribution by the occupant borrower is 5% and all these funds has to be theirs.

The tenants should respect the property and maintain it to prevent this from happening just as the landlord should act promptly to eliminate this issue if the source is outside the control of the tenants.

. - Commanding yet collaborative - can command respect from more experienced, more physically able workforce - Resourceful - Inclination to get things done by tapping into resources (network of experts) vs. trying to address major issues without inputWhat would add?

Raise rents to keep in pace with the market and in a few years be cashflowing a respectable amount for a small New York City landlord.I know I know, that negative cash flow is not good but hear me out: I MUST live within NYC for work purposes and I MUST live in a house with a driveway/parking spot.

i'm new to this, but they aren't a motivated seller. the end...but that all can change with time...so maybe keep following up every month or so...maybe over time you can wear him down, build some trust or respect and maybe try a subject-to or lease-option, ....wait you said its in bad shape?