The tiny 2/1 needs rehab and wouldn't bring $10k in today's market in its current condition.

I am sure it will all work out for you in the long run.. we sold ours and made a tiny profit on each but its better than a loss right ?

Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.  

Maybe it was a bad business decision or maybe they misunderstood that Akron is a modest community with a modest average household income.  

Plus the added requirements around getting drawings and general contractor for even adding a tiny closet.

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

I think a tiny home village would be awesome!!!!

ALL of my major problem tenants happened to have had a average (adults in the household) score below 625. 

And like JD pointed out, a tiny percentage of transactions are made using seller financing, and an even smaller percentage of those are done using subject to.

Now keep in mind, median household income here in MN midwest and CA is almost exactly the same, just over $100kyr.