There are many horror stories of people getting taken for tons of thousands of dollars because unfortunately, they did not have the experience on how to manage.

I looked up the owners, they live in SoCal a few thousand miles away.

No more changing locks, only reprogramming new PINs which takes literal seconds and no tools.This is what I use.

Depending on your goals and strengths/weaknesses, there are a thousand different directions you can go with your REI journey. 

Even if I were found guilty, the cost would be in the thousands, not in the millions.

@David WillisReviewing the ChatGPT response above - if you go with a bridge lender they would probably want to refinance out your other portfolio to be in first position on those assets - I don’t know of any bridge lender that would go into 2nd on all of them unless it was more of a mezzanine lender against the company but if it went bad they step in and would take everything (literally) as mezzanine debt takes ownership and control of the company.

Savings quite literally saved me. 

I guess what I am saying is don't let a few thousand dollars at the front of the deal get in the way of the reward you will reap at the end of the deal. 

Even if I were found guilty, the cost would be in the thousands, not in the millions.

If I had done no value add, he likely would have continued to have been fine with the agreed terms (it would have been loosing thousands every month due to reassessed property tax and drastically under market rent).