I considered suing for non-performance but felt the hassle of doing so would not be worth the benefit.I'm still hopeful and looking in the Flint market, I just would not use them to do so.

It also depends on how much cash you have to make improvements (if any). 

Planning ahead with a CPA familiar with multi-state real estate can save you from surprises.Rehab expenses can help now: Any improvement costs you incur during the rehab phase may provide deductions or impact cost basis.

DSCR loans are definitely worth looking into since they’re based on property performance rather than personal income.

Supply Is Rising… Even With Fewer ListingsNew listings hit a record low, but inventory still rose - because homes aren’t sellingMonths Of Inventor now 3.6 → highest August in more than a decade for both Reno and Washoe overall🎯 Best Investor Plays Right NowOlder Listings: 30+ DOM could mean more flexible sellersWithdrawn/Expireds: 11% pulled off market → direct-to-seller outreach could be goldFall Timing: As we move into the Fall/Winter months, seller pessimism may rise, improving ability to negotiate

We haven't responded yet.And before anyone asks: There are VERY clear lease terms around the security deposit, ex: "In the event of forfeiture of the security deposit due to Lessee's failure to fully and faithfully perform all of the terms and conditions of this lease, Lessor retains all of his other rights and remedies" ; "Deductions will be made from the security deposit to reimburse Lessor for the cost of repairing any damage to the premises or equipment or the cost of replacing any of the articles or equipment that may be damaged beyond repair, lost or missing at the termination of this lease"; and "Not withstanding any other provisions expressed or implied herein, it is specifically understood and agreed that the entire security deposit aforesaid shall be automatically forfeited should Lessee vacat or abandon premises before the expiration of this lease"What are our options here?

I cannot comment on the performance of his fund though. 

And as always,I recommend going to REI meet ups, ask questions about your market, get a firm grasp on how the market is performing in your area, use the biggerpockets calculators to help you analyze deals, and read some of the books this platform has available - this is info I wish I would've had when I first started :)Hope that helps!

What’s been working for me and my circle lately:Seller financing: solve the seller’s problem first; short-term interest-only with a balloon after value-add keeps cash flow strong.Sub-to/wraps: take over low-rate loans and keep the seller whole—huge when DSCR is tight.Hybrid: small seller carry + private second to cut cash in, then refi into DSCR once stable.Private money: secure with note + mortgage/deed, pay on milestones, send updates—consistency = repeat capital.HELOC/LOC stack: close fast, cover rehab, then refi—speed wins deals.Lease-option: control now, improve, then exercise once financing improves.

Repainted interior & exterior, improved curb appeal with landscaping and shutters, and tackled a very large deck.