When we did some DD on the borrower, its  a syndicator who started raising money in 2020 under two different names.

The Phoenix real estate market continues to evolve, offering both exciting opportunities and unique challenges for house flippers.

When you say you, "can't let him go" - why not?

But if you are thinking of offering as a buyer then we typically go with 10% down 10-Yr term at 5% interest.  

My point in asking is how do I avoid this mistake in the first place going forward. 

I have shown this via a study i have done which shows data from propstream and propwire are at least 2 weeks behind county/court/noitce records which are the source of 90% of off market motivated seller leads Take a look at my home page for more thorough explanation of what youare NOT getting when you use Propstream, Propwire, Propshark, PropRadar and the like.Also, propstream and propwire only provide, for at least FL, TX, CA, a third of the preforeclosure leads wich are available from  county/court/noitce records, so, if you want to be ahead of the pack in the off market world go to the source and you will save yourself a lot of time, money and aggrevation.How do you get the data from the county websites?

Where are you located, I am Based in Nashville, TN and I be going to Atlanta, Ga once a month for business as well.

I've attended a couple of forums on the insurance issues, and my take away is that no one knows when it's going to ease up.

It may be  law maybe not, but it isn't going to be enforced.Treasury Department Suspends the Enforcement of BOI that Forces Small Businesses to Report Personal Details About Their Owners to the FedsThe U.S.

I would say if you are originating them you need to be very careful with how it's drafted as if payments go toward paying down a loan then even though you call it a lease option a judge in a judicial state will view it as if the borrower then has equity and treat it like a mortgagei think that's where it gets a bad rap is a lot of people doing them do not know how.