Great thread nonetheless, good info to know moving forward.  

Before moving forward, negotiate better terms with the hard money lender you initially spoke with and ensure the seller is fully on board with second position financing.

I still don’t have the answers for a real estate coach, but I’m moving forward in my health again. :-)

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

Let me know how it works out with them, wondering if they are a reliable source.

I’ll add that you aren’t going to move the debt to the LLC, that’s going to still be on you.

Sometimes you need to know when you can hold em and when its time to fold em and move on.

REI requires a passion for the game in order to have the long-term stamina it takes to actually move the needle.

Unless you believe the owners knew in advance that this model would not work and were doing this to just feather their nest and move on ?

Here’s a quick overview of potential pros and cons, along with general advice on working with hard money lenders like them.Pros:Flexible Financing Options: Rehab Financial Group often specializes in real estate investing and provides hard money loans for BRRRR deals, which may be a good match for your needs.Quick Funding: Hard money lenders like Rehab Financial can sometimes offer quicker access to funds compared to traditional banks, which is important for BRRRR investors looking to move fast on properties.Cons:Higher Interest Rates: Hard money lenders usually charge higher interest rates than traditional financing sources.