lots of rabbit holes out there and what I call due diligence pump and dump scammers.. prey on mid level developers who have never gotten one of these loans.the borrower falls for the 5 to 20k up front fee to perform so called due diligence and the so called lender never closes.I have seen colleagues of mine blow through 100k looking for CHEAP money when they should have just under stood this kind of money in the Private equity world goes out at 10 to 15% apr period unless you have a local bank that will do it like I do. but even then its one project at a time and uber cautious.. they don't want to go back to the bad ole days were they ended up owning pipe farms.. and they generally will only do these with who they determine are their top tier clients.. you cannot in our market be unknown to the bank.. unless your have that monster balance sheet.but in my mind Socal is ground zero for this kind of money.. 

We at biggerpockets don’t believe in “tricking” people.. it’s what gives investors/landlords and other professionals in the RE a bad name.

That is very bad information. https://www.abor.com/wp-content/uploads/2018/05/Ap...Its odd that information is coming from realtor.com.

There are so many ways that could go bad it's not even funny.

It is not a bad idea to partner with a PM, and especially if in good faith intend to work with the PM, then there is no harm in going into a contract with one if you ensure you can back out of with 30 days notice if you are unhappy. 

Or is having multiple people sign a mortgage agreement (even if one has bad credit) always seen as a lower risk by lenders?

Pretty bad actually...Don't let this negative nancy crush your hopes though.

I have taken over management (for clients) of too many properties with bad tenants already in them to ever recommend it to someone.

@Peter Paxos There are lots of turnkey stories here on the forums - the good, the bad, and the really ugly. 

Getting a 70% of the appraised value is not that bad, considering that I will put the two properties on refi, that will likely give a good deposit for a single family home or perhaps a duplex.Do you know any local bank in Ohio which I could go online and send an email?