You have to prove you did everything right and then because of “empathy” for the poor snook who “fell into you schemes” you may lose anyway.This is a legally binding transaction that will be treated that way by the law.

Are you able to use it easily, only with a HELOC.If you lose your tax deductions, then Uncle Sam is happy to take more of your money each year.Good Investing...

Have you ever heard of a Landlord being sued by a Tenant and losing property?

Mailing/emailing a notice to "start the clock" doesn't cost much and should be done to NOT lose time if tenant doesn't pay.

This requires consistent oversight and experience, which most investors simply don’t have.The Bottom LineIf you want to lose money and risk expensive legal fees, go ahead and self-manage.

The owner seems to want to not lose ownership of the account altogether.

Higher risk structures can achieve higher IRRs, but can also break even or even lose money.

Makes complete sense to purchase a property that breaks even or loses money.

Is it possible that at times you lose money (such as soft costs - paying for property inspections for example and the deal ends of falling through)?

If he owes a decent amount on the property, wouldnt the conventional route make him lose whatever interest rate he has?