If you end up going over budget on the rehab (VERY common), you will need to fund that out of pocket.The danger of not having enough of your own cash is that you end up with unexpected costs you cannot cover and you lose the deal.

I don't want them to settle in an area where it's dangerous to go out at night (Especially my daughter) and they probably wouldn't anyway (Especially my daughter).

I would say it depends on what your strategy is....speculation right now is dangerous but if you evaluate for cash flow and don't over leverage you should be good.That said, some areas of the country just don't make a lot of sense right now especially for 1-4 family.  

Read up on BP about the dangers of investing in low-cost rentals in Class C and D areas.

It's a $25 detector.But the black gray stripes mean DEATH and open all doors and windows and I MUST BE NOTIFIED IMMEDIATELY anytime of day or night or they are in DANGER of DYING.I must do a REPAIR.They follow that mini-class.

I think a newbie without a mentor/experienced agent can be very dangerous.

She cannot afford the payments and is in danger of foreclosure.

The whole thing sounds fishy as mentioned...I know that in some states you must have "scienter" (knowledge that dog is dangerous due to previous bite, etc.) to be liable.

(except certain neighborhoods where my life is in danger!!)

This would be manageable and I could pay it off early after I refinanced the property after repairs for a 30-year term.Then again, long-term financing of a short-term loan sounds dangerous and almost as bad as financing a 'down payment'.Please share any thoughts you might have.