It appears to me that it's probably difficult, (and probably expensive too) for these creditors to get meaningful relief through this bankruptcy proceeding.   

I hope I can be a contributing member of this community which by the way is one of the first ones on which I have done anything like this.

With regards to seasoning you can use financial assets for reserves as long as you have two full months or more of the asset by the time you draw docs so in technicality if you started a lump sum contribution to a PLI and had only 1 month statement showing your funds you would probably be fine because by the time the file is submitted, the appraisal is ordered, file is processed, remaining items are submitted, file is submitted to underwriting, and reviewed another month will probably have passed so you will have two months statements by then.

Too expensive, IMHO:Price: $230,000Rent: $2,700Rehab: $0Down %: 0%Rate: 8.00%Term: 30Down Pmt: $0Total cash: $0Loan: $230,000Payment: $1,687.66Expense %: 50%Expense Amt: $1,350NOI: $1,350.00Cash flow, monthly: ($337.66)Cash flow, annual: ($4,051.90)CAP rate 7.04%Even if you manage it yourself for free (avoid about 14% of gross rents to a PM), its barely break even:Price: $230,000Rent: $2,700Rehab: $0Down %: 0%Rate: 8.00%Term: 30Down Pmt: $0Total cash: $0Loan: $230,000Payment: $1,687.66Expense %: 36%Expense Amt: $972NOI: $1,728.00Cash flow, monthly: $40.34Cash flow, annual: $484.10CAP rate 9.02%I guess it would be OK if you accept that you're not getting any money back (though you've put none in) and you're contributing your labor in exchange for the principle paydown from the tenants.

So, sorry for the long intro. but I hope to be able to learn a lot here and maybe even contribute (if i have anything to offer).Thanks!

However after 360 months of contributing around $40,000, I would still own a $260,000 investment that is still generating monthly income.

I look forward to contributing to the community in every way I can and getting to know each of you.

The money you gave to the entity is contributed to funds or you could treat it as a loan to the entity and then itbwould be income minus the interest expense.

If Jason were to "recommend" you his private lenders, who don't know you - they would at best turn into HML, if they chose to do business with you at all What you're asking is a bit of an oxymoron :)However, if both you and Jason hang out on Bigger Pockets until you both contribute over 10,000 meaningful posts, and say meet at a local REI club, and become friends - then he may turn into your private money lender source

I am completely new to real estate investing, and am hoping to get a good foundation of knowledge from the resources here at BiggerPockets so I can get started wholesaling in Gainesville.I look forward to getting to know everyone and contributing to the community...