If he put some skin in the game, would that make it better, or would this still be a low return considering the risk?

For me, your current best case scenario is pulling down $200 a month, which if the deal were financed with a traditional 20% down, and 90% occupancy long term, would provide a 6% cap rate.  ($200X12)X.09) / 36K

How did you go about finding lenders that would set one up (I know many traditional lenders won't)?

The college draws in at top dollar for events like football games and graduations etc.

I live here in Boise and have wanted to get into the game, but have been scared off by the seemingly high cost of entry. 

I was feeling a little alone in this game but clearly I'm not. 

The minimum investment in the property crowdfunding is much smaller than the traditional investment tradition.

They have already shown a recent history of not doing so (i.e. their mortgage).The double deposit is enticing because it increases skin in the game but I'd still rather have a highly qualified applicant at a lower price.

On whether this is worth getting into, it will really just depend on your strategy and end game.

The hard money lender would want to see the ARV which I would be kind of hard to pull comps on being that it’s a triplex.I know it can be a game changer for us if we are able to purchase it, or should I say WHEN we purchase it.