Hold it long enough to refinance based on a fully occupied worth of NOI and I bet you’ll pull out more than the total cost and still have a cash flowing asset.

I have a template i pulled off the internet. i suppose i should have it looked at by an attorney to ensure it affords me all the legal protection i need.

When I pulled the information for the property there are no structures assessed, however there is a very old house on the property (in terrible shape).

I love my day job, from the client interactions to the challenge of finding solutions to business problems.

I would probably pull it off the market and let it sit vacant until the markets improve.

If you want off market, pull lists of multi owners in Springs and mail or cold call.

@Brian Ellis if its just one burner , just pull it out and buy a new one at home depot .

Any solutions or suggestions on how experienced investors are dealing with this?

Are they flexible at all or an i risking them pulling the contract and reopening the house? 

I'm just starting out and I'm looking for some opinions from experienced investors -Q: I have $40k to invest (can pull out as a 401k loan), should I invest this now or wait a year when I'll have a total of $80k to invest with?