I’ve also been warned that some hard money lenders can be a scam.

I was warned about him but I didn't see it.

It took me a couple of weeks to find this Tenant Buyer, but generally I warn my Turnkey investors from California that it may take two or three months to find the right Tenant Buyer.

I am on the ''DO NOT drop out'' school of thought.I do warn you against getting a 100,000 degree in art ;-)I got my degree May 2014 and am trying to figure out all of the RE ins and outs before I make the leap.

Here is a site that can give you a good overview, search it and check out resources as they are provided within articles and commenters, see www.zerohedge.com Here are some quotes and link to a complete article that was recently released there:http://www.zerohedge.com/news/2014-09-27/hope-not-good-policy-saxo-bank-warns-entire-world-headed-minsky-moment'Mads Koefoed, Saxo Bank’s macro economist, projects US growth at around 2.0% for all of 2014.

It's my duty to warn others of your shady business practices.

I didn't say I was lying about any of it though I get your intent/warning.

If anybody doesn't pay for any utility they get due warning, eventually the service is cut off and the utility company or municipality go's after the debt owed, using regular legal procedures- in the same way any other company or service provider would go about collecting.

This works better with you owning title versus assigning a contract, in many states.The downside or warning about subject to is that you need a plan in case the loan gets called due to the due on sale clause, if the mortgage co decides to call the loan due.What I do is I give the seller a quick claim deed in escrow in case the loan gets called due and I need to give the property back.I also stipulate that if I'm more than 60 days late with paying their existing financing, then they get the property deed backRookies in real estate need good training in sub 2 and a great contract attorney.Lastly I like title holding trust with sub 2.

If you had drawn out $130k on your $250k LOC limit, without warning the banks capped you limit to that $130k.