I know it is expected that you will need to spend some money after someone moves out but I just didn't expect I was going to need to spend appx. $10k to get it rental-ready. 

Made a little money off it and repeated it a couple times.  

There's long-term money to be made on that strategy.

I'm planning to use that money for a downpayment  to buy a multifamily where I would live in one side and rent out the other side. 

By donating the owner will have the money they want.

Some people are able to save money and budget and others are not really good at it.

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

For the most part, most lenders are going to be relatively close in cost assuming we are talking about a straight forward loan product, we all borrower from the same pool of money to make these loans. 

therefore the OP will have a foreclosure on his/his LLC credit record, which would inhibit them from borrowing money for maybe 5 years.

Thanks for the replies.Yea I didn’t take any of the grant money from the sonyma loan.