Investment Info:Small multi-family (2-4 units) private money loan investment.

There's no way they are taking 35% of the security deposit itself, that would be illegal everywhere. 

He had a tax credit and they didn't apply it and then because they didn't apply the credit they claimed he owed money and then charged him late fees.He tried calling them NUMEROUS TIMES and waited hours and half the time his call was somehow dropped. 

.: House hack instead.I got my first four-plex via house hacking in 2021 and have flipped 2 properties (1 via Sub-to and 1 via hard money).

My worry is that it is almost end of the month and he still didnt do anything at all on the project.What are my options if he comes on May 1st and tells that he has no money or that he will pay in installments?

Figure out exactly what you want to focus on for the year and don't get distracted by the various ways you can make money in real estate.

Also since the first purchase would be FHA (3.5%), I would still have money saved for the down payment on the next, probably in the range of around 50k, also could get a partner for the second, though since this will be my first two purchases, I'm leary about adding a partner already into the mix. 

Define unlimited money. $5M in Charleston is different than Los Angeles.

Most are free if you don't owe anything, but even a $100 annual fee here or there is worth it to know you have *access* to the money if you need it, later on.

Hard Money Lending/Private Money through Spring Garden Lending How did you add value to the deal?