Profit can be made in any economy...and yes, lost too, but if you understand and follow the three diciplines I listed above, your "loses" will be only your profit...and your "seed" money will remain in your hands.  

I have sat down pencil and paper and figured out exactly all costs , just leveraging my remaining properties is a little scary....

Note that this condition does not require the loan to be fully amortizing, meaning that a balloon payment can be a component of a one-property exclusion loan.Second, the loan must have a fixed interest rate or an adjustable interest rate that remains fixed for at least five years.

Good morning,I'm looking at using a hardmoney lender on purchasing a home that I will use as a primary residence while I rent out the remaining rooms.

So if you were to lie on your application, by stating you aren't who you say you are, or inflating your income to qualify for the loan, or using someone else's social security number, that is a SERIOUS violation.  

He could try to inflate the repairs, pocket the difference, and then still get the 50/50 split.

Along a similar line of thinking, could this work without a partner, but with a sub-to (where it would otherwise be sold only for what remains on the mortgage), add cash on top of the remaining loan, and rather than the seller lowering the price, kick back a check for repairs?

After spending a lot of time looking at FCI, we found most of it was overpriced junk with so much baggage, and sellers selling at highly inflated prices.

If you fail to remain competitive your customers will go elsewhere.

Your new tenants should be the best of the best so you can set a precedent for who gets into your building.For everyone that remains, three months later I will again bridge 50% of the gap between current and market rents.