How do you get paid, Is this an under the table kind of situation or is it something to add as part of your business cash flow.

If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

@Frankie Paterno I have talked with a number of investors in your situation. 

When I have a situation like this, I give them a written notice to accept the property in its current condition or get out.

I don't believe you would properly replace the debt in this situation.

He has reached out and we are working through issues caused by the COVID situation.

As many have mentioned, most fix-and-flip loans allow lenders to fund up to 90% of the purchase price and 100% of the rehab costs, but they typically won’t exceed 75% of the ARV.However, If you're not including a rehab budget, lenders often cap the loan at around 70% of the purchase price, which might explain the situation you're encountering.It’s generally more advantageous to include a portion of the rehab budget in the loan.

If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

I've been in your situation and nothing can prepare you for losing a parent.

Hey Eli –Given your situation, DSCR loans could be a solid path, especially if you're aiming to expand your portfolio.