It’s a low-pressure way to get your feet wet, skip an assignment fee, and really learn what makes a property a good flip.

They also take the payments from the tenants, then take their fee out of that and then pass the remainder on to the owner.

I've heard from some who swung for the fences because that's how they presented projected returns that differentiated them from other investment opportunities, others were in the business of transacting and had to find deals that could work to  keep the lights on and keep the fee machine running, others struggled to raise equity and were forced into higher leverage debt to fill the capital stack along with a ton of other reasons why a sponsor may have elected to go with the riskier debt structures. 

Providing complete and accurate information upfront also makes a big difference.Big mistakes to avoid are blasting every deal to every investor and overpricing your assignment fee on your first few deals.

In simple math terms - if the property grows to 400k and you sell it, you get your 70k back and the remaining 100k minus fees etc will be split 50/50This I believe is only fair if you put up the 70k capital and the other partner puts in sweat equity through management.

We charge a trip fee. 

Cash-out refis are harder than rate-term when credit is weak, but not impossible.Most non-QM lenders will:limit cash-out proceeds,require lower LTV (often 65–70%),and price the risk with higher rates/fees.3.

Lenders move faster when the exit is obvious and supported by comps, not projections.Clean structureStraightforward ownership, clean title, no exotic entities, and a basic capital stack.

I'm okay with penalties, fees, risk, and interest where they apply (that's my call) but I'm not okay with illegal strategies where you "won't get caught".

It is near to downtown though where lot of jobs there.HOA fee high around 300$.I am planning to use PM but can PM manage area with crime score of 1 out of 10.