Lastly, I know more than a few legitimately "wealthy dudes" and I can tell you they all have extensive personal and professional networks that they could lend to if they wanted, at far better than 5% interest and with far less risk than 100% LTV to complete strangers.

If one of these was not built by a legitimate builder then there could be some long term CapEx issues that will be tough to solve related to plumbing or electrical.

This is the only route you can take to a legitimate business.

Ask her for the names and numbers of other businesses whom she has had a prior arranement with.Also check with the attorney general to see if there has been any complaints filed.Lastly, check with the creit institution providing her with the line of credit to make sure she is in good standing.These are just a few of the places I would start looking just to make sure she is legitimate before preceeding with any formal arrangements.

Fish -- if you have tied up "prime properties" in a legitimate college rental area that are 65% of ARV you will have NO PROBLEM finding interested buyers.Why are you not doing exactly that?

You have a property and a $1,050,000 loan, which is what you wanted (more or less.)Now, is this legitimate?

You need a letter from a legitimate lender, too, not just something off the internet.

There are literally hundreds of investors that have registered online and freely given their information(email and phone number).www.myhousedeals.comThis website is another great resource for meeting investors.You don't want your first contact with a potential investor to be negative.I think there are plenty of legitimate resources for finding investors.

So that looks like a legitimate supply and demand issue.

I don't know what are legitimate things needed to have in place before an offer, and what is just me freaking out because I'm going to borrow a bunch of money to do something I've never done before.