I'm presuming partnership and LLC.

My advice would be to not get wrapped up in the details of this single (presumably first?)

@Andreas Mueller Lets presume the 1% rule is valid.

He is returning today with someone who will presumably do it, although not necessarily today.Yesterday morning I called Michael Ward, the contact name provided, explained the situation, and asked him to call me back.

The place is already fully furnished presumably so what does this look like?

From the IRS Profit motive safe harborAn activity is generally presumed to be for profit if it has made a profit in at least three of the last five tax years.

I presume your deal is in TX?

My advice in one’s 20s 30s 40s 50s while one is presumably making a good income from their “day job” invest for the future build that net worth. 

Six months to a year would be a safer loan.The good news is you’re putting down $100k on a $475k purchase, or about 20%, and presumably have enough for the rehab.

Whenever I confront my tenants about this, they either claim it's being taken care of by a third party payment plan they set up (probably some sort of debt consolidation program, presumably) or they tell me they have taken care of it.