FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

Sounds like prices vary based on each situation but I'm looking at $15k.  

(And it seems there's at least some chance it doesn't pass at all, based on the opposition they're setting.)

Based on your location, security is probably important.

Could an applicant claim that you rejected them based on protected status?

Hi @Brooklyn Hunt, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.

The lender does IMO… Nobody declares bankruptcy if they own properties with cash unless they make dumb mistakes and cross collateralize.The cash investors might loose money but they won’t be bankrupt.Also, only when you build a base of 3-4 properties with cash, and fully understand the true income of your portfolio after consecutive years of performance.

I then decided to look for a flip based off what I was seeing in my local market.

In fact, the whole point of real estate investing and generating returns should be to make investments based on an advantage (knowing a good deal in the market, etc.) - if there was perfect information easily available to everyone - no individual mom and pop investor would ever have a chance at real estate investing returns at all...

Your tenant base for an MTR that requires a minimum 6 month stay is small.