There are blogs, books, hundreds of pockets here on bigger pockets that can help.

With the little knowledge that I have on this method, I started building it as if they were flipping a property... - They put in 2/3 of the money- Monthly payouts of 50% of profits- 4 month termBased on the pro forma of the rental, they'd have around a 30-35% roi by the end of the term.

If you’re reading this and know any contractors in the St.

Recasting is when you make a payment on an existing loan and update the payments - for example if I owed $100,000 and my payment was $600/mo and I paid it down by $40,000 recasting is they update the payment based on the new $60,000 balance.If I understand this correctly, you are selling a home which you will make $300,000 on and putting $200,000 down and keeping $100,000 to renovate?

@Marcus GriffinTypically as part of a modification the bank will have a “shock package” which includes information and forms to be completed by the borrowerOn those forms there are questions like will they or do they occupy the property, there income, do they plan on keeping th home.This is equivalent to lying on a bank application which is most likely considered fraud Not providing legal advice but this is definitely a very slippery slope you are getting involved in.

Is this true?

Pickle ( real name) retired and her replacement would not do this for us.. :(  in this scenario this is when CASH is TRULY KING. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Does anyone know what kind of lender willing to offer financing with 10% down for this type of deal?

This is such a great idea!