type comments, but it seems I might be on track.  20%+closing +++ down is tough and also a risk and your credit is got to be good enough for a bank so it seemed on target... but the thought of Hard Money and deals that encompass Balloon loans, and variable rates etc., are scary to me! 

I'm sure the debt you'd have to service on this loan would be less expensive than a hard money loan, also this option keeps your cash reserves higher thus your risk exposure down - as you would only have to make monthly payments and come out of pocket for the renovations.Just make sure to do the necessary renovations to get the dollar value you are seeking on the sale and I'm sure this opportunity could be the one to get the confidence under your belt to continue investing down the road!

As others have said, this provision is even broader because it also makes the Owner responsible for injuries to the PM's employees.You should have an experienced attorney review in conjunction with your insurance policy to determine the real scope of additional risk you are taking, and what portion, if any, might be uninsured.

It seems like you know that over optimism is a risk so you'll be less susceptible to that behavioral trap.

I love them as I can spread my risk when it comes to vacancy.  

Their markets just didn’t understand the risk and either wouldn’t quote it at all or had really high premiums and inferior policy terms.

I think Thedford is giving you a wise heads up regarding a risk that you have in front of you. 

Someone with expertise should be able to quote a flat rate for the entire project and for each stage of the project.I would expect a lawyer to charge more if getting paid depends on future events, because that means more risk for the lawyer.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Wholesaling gives you the chance to analyze renovations and rentals, and get feedback from end buyers/investors without the risk.