If his finances are not involved in the project, then he doesn't risk anything while you are risking your savings, so think about how you can decrease this risk.

It doesn't cash flow but I just about hit even each month, while gaining equity and making improvements along the way... which is way better than throwing money into rent!

Other than not being directly involved with the real estate (homeowner is responsible for repairs, taxes and insurance-which can be considered a pro) They claim their default ratio is 3% and that they have no problem getting homeowners to purchase.

I bought my first house for myself in 1997, and paid $50,000 less than the neighbors on either side with similar homes,  put every cent I could lay my hands on into updating and improving it, and seven years later sold it for more than double what I paid for it.

It's been around for a while but I avoided it up until the last couple of years because of the risk involved.

I am currently looking for someone that is actively involved in RE Investing with 35 miles of Lawrenceville, Ga.

Being so new, I have a lot to learn and continually improvements to be made.

I would prefer that I never collected a late fee because that extra $50 or so is not worth the time involved in collecting the late rent.

Since this is a diverse community that spends a lot of time with self-improvement-y books/podcasts/etc, I thought some of you might have some ideas. 

Only thing I can think of is possibly use some of that extra money to cover closing costs or perhaps use it to improve the property?