It may be possible for you to serve him (have the police serve him) with a no trespass notice since he is not a tenant on lease.

Seems like a no brainer, but...Good advice, I will definitely build in contingency and expect the worse and hope for the best!

Bad tenants are part of doing business and it is always better to have a no tenant then to have a bad tenant.

@Aaron Hale  Congrats on the winCouple options from where I'm sittingBuy with an FHA 203k loan and make it your primary residence Buy it with cash and rehab it with cashBuy with HML w/ a construction loanTake on a partner who supplies the cash in exchange for equity/profit splitCall your generous rich uncle and ask him for a no interest loan and do the whole thing in cash.From my experience, no there is no line of credit product based on future ARV.   

The numbers and profit potential might be tempting, but for me, weighing the potential for family disharmony makes this a no-go.  

@Michael Kelley  This will be a no go unfortunately. 

My question, would banks make us still have our own cash in to the deal or is it possible to get the bank to finance the 80% and the seller finance the remaining 20% to have a no money deal?

DFW REI Network Investing Meetup - https://www.meetup.com/DFW-REI-Network-Investing-Meetup/ - Started in Bigger Pockets this group meets once per month and has a NO GURU SALES allowed rule.

@Tanner Marsey I agree with folks here - this is pretty much a no brainer.

I have a scenario that I think is a no-brainer, but want to get your advice to make sure I am not missing anything.