Example: LinkIn is overpriced at $100 a share - but that doesn't mean I won't ride it up to the $100's and short it back down to $50.About 15 years ago China devalued its currency some 65%-75% in one day, they've been selling us $20 DVD players and eating our lunch ever since.

Serious players should be able to readily provide a history (a resume) of their lending along with supporting links/documents to courthouse records, etc.

Most buyers don't want condos - Unless you live in a resort hotspot like Miami, the demand for condos is far less than that for single-family homes.

Erentallocks.com , Resort lock and remote lock  also enable you  to activate and deactivate codes for guests at check-in and check-out.

I have done a bunch of deals there.I am selling a rental today in fact to a bP member owner financed no need to BRRRR its all done he just has to B   and then R  its the rehab that is the risk.. we all get stung at least if your doing any volume.if your live in your market and can stay on top.. your chances of success go way up.. the BRRR as taught is just so risky for someone sitting in CA trusting it gets done with out a lot of supervision.. just like any home flipper they just don't live one place and flip 10 states away unless they are bigger players..So try one close to home first then fill up your experience bucket and go to the next etc.

Since the majority of people reading these forums are small time players who only own 1-2 properties, most people are actually exempt from Fair Housing Laws.  

Best area to do this is in a resort location where people want to visit.  

(The TK company may very well be a contractor.)As this is your first investment and you have never worked with this company, I don't understand why you are not getting on a plane today to look at the property, meet the players, look at the neighborhood, etc.

The partner went to a resort area and rented a bike.

HI all, I would have to agree, Hard Money should be the last resort.