If for example, you asked the question the other way around - "I have a good reputation as a flipper - should I allow people to invest money with me in a partnership where I do all the work but put in no capital?"

Hello BP community.I'm looking to start my first investment and I'm looking at investing in a multi family unit to get started to help financially by allowing the investment to pay for my rent.

If the bank is in a state that allows deficiencies, NOT selling it on the open market for the highest price possible could subject the bank to suit by the previous owner when the bank goes back after the, for the deficiency balance (Assuming there is one).

I don't allow them to make excuses.  

Once you allowed the PM to pay, they can decide what is ok to pay  (My Opinion)   Did you pay them to deal with the contractor?

In either case, I doubt that market appreciation alone will allow you to refi out that amount.

Knowing who our target renter was allowed us to focus our search and not get distracted.  

(would it be a surprise if you find out subletting is allowed later)Can you review their initial applications and background verification if any? 

Also, a lease option allows a more marginal deal to become a better deal by optioning it.

Occupy a unit for one year and then move out, my parents are very generous and allow me to keep my room at their house.