This ensures that both the lender’s requirements and your liability protection are addressed.

As a property owner you have considerably more safeguards in place with a triple net lease where a management company has skin in the game vs a simple rental agreement.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

You will notice that they only fund less than 70% of ARV and the borrowers have skin in the game.

Shoot me a good email address and I'll send it to you.

Upon closing on the deal, I plan to also conduct another visit to address the logistical elements of getting everything set up and finalized. 

Can the lawyer prove he provided you the change of address?  

If you have the 50k you can maybe even use that to partner up with an experienced flipper and put some of that money in the deal as many want you to also have some skin in the game.

Is there a band-aid fix that you can do in the meantime that might stop the mold issues even if it doesn't address the foundation issues right away.If you are going to consider selling it at a loss the question doesn't become how much money did you lose on this deal but rather how much money can you make from the money you would be able to get out of the deal.

SAD BITW nobody is giving a dime without YOU having skin in the game,