Her employer would receive a court order to garnish a portion of wages.Going back though, I would strongly suggest trying to communicate with the tenant and trying to see if suing may be avoidable.

There was a portion in there about reaching out to potential mentors.

I’m interested in taking a portion of that equity and hoping to begin my real estate portfolio.

That coverage will reimburse you a portion of your lost rent and reasonable legal expenses when a tenant defaults.Good luck,Aaron

A portion of the cash-out was to go to paying that off.The original ARV was based mostly on an average of online sources; Zillow, Trulia, Redfin, etc.

My commercial property has almost endless upside as I renovate more portions of it and make it nicer.For your first deal, make it simple.

For me, there's peace of mind  going to a bank and getting 4.5% fixed for 30 years and not having to worry about it again.Certainly I've used cards for the rehab portion of properties, but that has it's own risks in the drop of credit score.- Tom

The money in excess of the 50k you have in the deal is the cash out portion.

My business will pay about 2500-3000 for that portion.

If I were you I would do further research with environment organizations that could give you more information on how to test for it, how to remediate it and how to make that decision.I will say that if you are planing on adding/upgrading the Air Condition I would suggest you work with an asbestos abatement company to do the work for that portion of the house.