Or, if the idea of roommates is off-putting (and who enjoys other random humans that much?)

Treat it 50/50 based on who is doing what and what is being put down. 

They say put a mortgage in place for the value of the property. 

I put this post under notes because most note investors are familiar with pacer and the bankruptcy process.

But by putting it this way, they often get it on their own.

Storage occupancy rates during past recessions has remained relatively stableFor example, during a recession, when folks downsize from a 3 bed/1 bath to a 2 bed/1 bath, those people, historically, keep their belongings and put them in storage.

Going back to your suggestion, I am moving on from the lender I posted about, if you see the first two replies; where the user's name goes in the upper left corner says that "account closed" The borrowers I have can put up 30% down and rehab property as most of them are in the "remodeling business.

Put that $80k in the bank, get paid $350/mo in interest and suddenly renting is cheaper and you don’t have to pay for any repairs. 

Since they are gone, you have to put together the cost of damages, lost rent and any other cost to get this unit re-rented.

your deals his dollars has been around for decades.. as long as you pay him up front.. there are not thousands of investor just clamoring to do business with newer investors who have little training and no capital :)  if your in LA and if you have no already go to some of the FIBI meetings Jeremy Roll puts together they are the real deal.