I tried to explain to him the basic idea behind Capitalism, but he strongly belives that profiting off someone, especially in excess, is ripping them off.

We have cash.It all depends on location, price, and stage of completion.

The same is true of other "one-time" events, like excessive damage done by a tenant, a lawsuit, a furnace or roof that needs replaced; etc.

Also, I have borrowed on private financing for terms in excess of two years.Most of my private lenders started out to be family, friends, and acquaintences.

I've found a property in the area that is in one stage or another of foreclosure, and is owned by Fannie Mae.

Not considered in this sceanrio is repairs, staging, seller incentives, appliances, etc.

We have started exchanging unsigned contracts in order to finalise the deal.Just when I got to the nitty-gritty of signing the contract and embarking on thorough due diligence, finance (some work already done, but no formal application), inspections, etc, my agent has had a family emergency and had to withdraw as my representative, as he feels that he can't adequately represent me at this crucial stage.

Also said I would get money in stages after I showed proof of payment to the contractors.

Employees then begin doing the mundane tasks which lead to deals and the main players operate in key stages of deals/business pitches.

Still in early stages of thinking/planning.