I find that MIRR and Financial Management Rate of Return both make up for this deficiency of IRR and a few others. 

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

She wants to sell the property with her house on it there too but if the house sells first then the homestead on the properties goes away with that option too..She is not doing excellently health and mobility wise lately, including upcoming surgeries, new diabetes, and nutrient deficiencies.

Situation: If you believe that your mortgage company will come after you for deficiency judgement on a foreclosed home, you currently own and live in a multi family...

Total Catch 22.So I’ve always found it a better investment to pay to have the property I’m selling inspected, address any major deficiencies before hand then clearly state I’m not paying for additional repairs, or offer a set allowance cap up front.  

The key areas of note are (black lettering – info; green lettering – satisfactory comments; red lettering – deficiencies): Appliances:The range/oven appears to be fully operational.The garbage disposal appears to be fully operational.

If the house sells for less than the amount of the reins the lien holder may be able to get a judgment against the owner and try to collect the difference which is called a deficiency.

If the lender suffers a loss on this resale, the lender get file for a deficiency judgement against the borrower personally (he has signed a personal loan guarantee).Even after the foreclosure is initiated, you can decide to cancel the foreclosure and re instate the loan.

I was seeing 50-70% occupancy, but my home has a lot of steps so bit of a deficiency there. 

If you discover a deficiency in the building(s) or problems with financials, you should be able to either make the Seller correct those, adjust the sale price to compensate, or you have the option to cancel the contract and receive a full refund of your earnest $.I also require all tenants to sign an estoppel letter stating the terms of the lease are correct and that there are no other promises made or unfulfilled between them and the Seller, and that there can be no additional promises made between the them once the letter is signed.