I am a partner on a flip in Phoenix, AZ. The hard money is coming due and we are still unable to find a buyer at any price. The property is in a great area and the flip was done very well adding a bedroom and moderniz...

You risk the chance of being sued for not letting someone apply that asked.Hope this helps, feel free to reach out if you have any other questions

Quote from @Steve Linn: Just getting into fix and flipping, so bare with me.

It's called Bare Hugs, and you can find it on our website if you want to have a look at it. 

However, why are there barely any private inspectors who can be hired to inspect construction/remodeling projects being done on properties? 

it's true the SFH or small multifamily rentals barely will pencil anywhere these days for a couple of years now even though it's the best way to really learn RE investing as a beginner. 

When I started talking to him about the risks of overleveraging - he claimed to me that there is no added risk to that and that if I had a foreclosure, it would barely damage my credit file, and I’d be able to continue life as normal continuing to get mortgages afterward.A little Google search showed me how that was false - the Lender could sue you, and continue to go after you, even after foreclosing on the property - if they are still owed money on the loan, after seizing your property.

The units are pretty much turnkey, but my analysis shows that the property will barely break even.

If they pay for the water there is a good chance they will turn it off.

In March of 2024 Chuck sold the property to a LLC (who lets say was barely old enough to drink) via a warranty deed and they received financing from LENDER.