No dividends to pay out either because there is no "profit materialized" if you view it from the business/accounting point of view for that financial year. 

Though with 40K you're looking at a hard money route which can be a tough angle to work... not impossible, just tough. 

I was going to have a hard time later the next day so I said if needed I can tonight or possible early in the morning , he claimed would have a tough time early but it would be fine even if he had to wait. 

Package ran almost 5k for material right.

Materials sitting in the back of a pickup truck aren't part of the building and therefore can't be part of the security.

This is a tough one.  

I live in a very tough market (Miami/S.

I let those homes go for tax's... lost 150k and came to the conclusion that Detroit is one tough place to own property.

Even then, it was tough to find properties where the numbers worked. 

Account ClosedThanks for the reply....I have good credit but 6 current mortgages so it gets tough taking on new ones.