So every new deal a borrower looks at gets run by the lender.

A Realtor friend brought them to me (who brought all their clients to me I believe) so there was more incentive to get involved in making something happen.What I had were several issues. 1. the borrower had little money on hand but income. 2. they wanted to do the work, this couldn't be allowed as they were not in construction and their skills could not be shown. 3. had a buyer in line, but not as is, it had to be brought up to market. 4. the owner had limited equity, perhaps 15% based on the as is value.So, first was to make a future advance note, similar to a HELOC or construction loan as a second mortgage.Had to look at repairs and improvements needed and at what point each "phase" would be completed and increasing value.I had a contractor and got him involved.

Your dad would not "co-sign" he would be a co-borrower and on title.5.

As Bill mentioned, if the borrower has some folks coming after him, things might get messy and he might be inclined to DIL.

I have a pretty professional and empathetic message that I tweaked a little, but borrowed mostly from a "probate guru"It is a pretty well-written letter, but I am worried that it may be a little too wordy.

The borrower used the money for a duplex they bought and intend to keep for the long haul.

I may need the 15k for my next deal or I may not, that will depend on what I decide to do with the money and what becomes available.My hesitation is that if I pay off the loans then buy a property and need to borrow $15k more to do whatever I need to do then the new rate is going to be much higher than the 2% effective rate I am currently paying.

The borrower used the money for a duplex they bought and intend to keep for the long haul.

If the home costs $100,000 (sans land) and the borrower puts up 10% leaving $90,000 to finance there is already a problem for stick built.

This could be very borrower specific and many factors will play in.