Hi PaulThis is a unique situation.

so she contacted  the investor, signed paperwork, accepted  half of the sale price and the other half was payable  upon move out...she sent it all to Patrick overseas... we currently have a contract on this home  to purchase once she moves out...Problem is she will not leave... she now knows Patrick is a scam and  wants to stay in the home... the investor  couldn't  evict her due to covid and now she is claiming the investor  tricked her into selling the home... she is claiming  fraud... she cannot repay the money she was given at closing... 

It's quite a unique asset class and takes some time and studying to wrap one's head around.

However, I find it somewhat unique that only one unit is managed by the PM company.

I have a silent partner who is willing to lend the costs for rehab.I have structured a Note for this agreement which outlines repayment on the rehab funds borrowed.

I have a silent partner who is willing to lend the costs for rehab.I have structured a Note for this agreement which outlines repayment on the rehab funds borrowed.

I have a silent partner who is willing to lend the costs for rehab.I have structured a Note for this agreement which outlines repayment on the rehab funds borrowed.

It takes time to find your unique voice. 

For this reason, many lenders/appraisers will not count unique/hard to value items such as mother in law suites, pools (in some areas), golf memberships, etc.  

This unique flip is in Bellevue, a major city just outside of Seattle.