@Mark Watkins   well the 20k was a dead give away to me.. any lender that is doing deals will usually have a 75 to 100k minimum... check out the scottsmans guide there will be a list of REPUTABLE lenders there and you will see very few make loans for less than 100k... now in the mid west I know you need them lower than that.. but as a lender and I have been one... its just a loser to try to make little loans .. you can't charge enough to make the risk even close to worth it..so when I see these guys say they make loans at 20k to 20 million  RED FLAG... 

We decided not to take the risk.

I am realistic so I understand the risk)? 

More work, but less risk, higher return, and more rapidly scalable than the turnkey $60k and the turnkey $120k both IMO.

@Brian GibbonsWhat is the risk with this structure?

I love listening to the podcasts, so I have created my account to get more involved, so I wanted to introduce myself.

I wouldn't give them glowing reviews but haven't heard anything that would put you in risk of going to jail because you work for them either.

I agree with you, I am the one risking well overpaying if I don't have a broken down estimate at least for the most expensive items.Thank you again and happy Investing!

I've been involved in this business for about 2 months now, and my business partner (The guy with more experience) have two properties under contract as we speak.

Keep in mind, this is the Midwest, so things are probably a little different, but in my experience with banks/lenders, you just don't have enough equity in your property to warrant the risk they would have to incur making a loan on it.