So on a $100k property that you owe $65k they can lend you another $10k just on that property but you are may have appraisal fees, title insurance, loan fees and other miscellaneous fees that could add up to anywhere between $1500 and $3500.  

Some partners may just want to loan you the money and receive interest only payments monthly or principal and interest monthly. 

I could acquire this home for 34k which is what is owed.

Today the principal is bankrupt and in semi hiding.

Most are not as competent as I think they should be, but at least they have some relevant training and have passed exams and are under the supervision of a principal broker.  

No, never do it.1. if anything is wrong its on you.2. they will always believe you owe them for everything.3. they will pay late or not at all and state "I did all this work"4. if they get hurt, they will sue.5. they will never stop doing stuff for you....for rent reduction.

She could no longer make payments, she "shelled up" and didn't say anything to the family, didnt seek help from professionals,  ruined her credit, owes a deficiency judgment, and is embarrassed to be around family members and friends who later found out the house is gone.

She owed $75k on it and the house was worth $125k as it sat.

He owes 275k its looking like it's worth 310k.

The young couple who moved to Denver, thought they should keep their previous house and turn it into a rental, had it all go south on them, and chose to just sell it for what they owed and be done with it.95% of houses sell on the MLS with a realtor for close to market value.