There are still many scams going on using its name so do research if you invest.  

So caution.. if you use them... make sure you have a for real deal.. plus their fee's are of course since its 100% financing at the very top of what HML cost.. one thing I like to recommend those looking for 100% financing is just get a money partner give them the lions share for them putting up the money.. you don't risk money and you start to build your experience and credentials then after a few you can go to a regular HML like lending home that will do 80% or 90% with only a modest 190.00 fee up front.also since you made this post you will probably get private messages from the scammers that work BP telling you your all approved but then just wanted you to send them 500.00 bucks etc.. to show your serious or some other bull crap... also facebook and linkdin are loaded with those crooks.. they are nothing but totally scammers they don't lend they have no money they just try to hook you for the small up front fee then will go dark on you... think lottery scams and other Jamacian and Nigerian prince scams.

I hate to say it, but this person has preyed on your good nature and will now become your worst nightmare.Spend the money now to try and avoid a massive problem, but dig those heels in because I think its going to be a long ride.After seeing what you've said, I invite others to weigh in, but knowing what you've just told me, you've got a professional scam artist in your property and this won't end well.

Besides the obvious that your place could get gutted and cleaned out of anything valuable, there are a number of scams where your listing gets posted to Craigslist, someone else gets access (IE via your lockbox) and "rents" your property to unsuspecting victims.If you do collect fees electronically, don't use Paypal.

the second reason you don't take bulk cash is because that behavior often originates from scams or slimes, you may have both on your hands.

He really is a great guy and I don't fear the scam that many complain about but I feel strongly that whatever education they can provide (from $2-20k) can be found on BP and in other RE books for much less.  

The simplest of these still took an hour.I was delighted to avoid the commute to a title office, and they were happy with their job.I really think its a trend of the future...not at all a scam.

The owner of this online 'website' is a man named Frank LaMark (google Frank LaMark scam or fraud) you will find many others who have been scammed by him also.

This is south FL, and I feel like the general rule is that if someone isn't trying to scam you right now they will later (sad but true).  

Assuming this is not a scam and they truly have nowhere to live, they won't have the money to pay you.