I don't know the laws, but I would hope that you would eventually be able to recover all lost rent if you were genuinely dealing with the maintenance backlog as fast as you can.This sounds like a really unpleasant situation and I'm sorry that you had to deal with it this soon into your REI journey.

It will hit your bottom line but you can recover.

He overpromised, under-delivered, cut corners, knew nothing about building codes in our city, employed teenagers, stole from us, caused thousands of dollars of damages to our property, and vanished.What we are doing differently as we recover from this debacle that we hope will help you in finding and selecting a great GC to work with:Ask for contractor referrals from trusted, community established organizations.

Profits come after you have recovered ALL of your cost, so the less that comes out of your pocket, the less the property cost you, and the quicker you get to making a profit.

Home flippers are seeing the lowest return on investment in nearly a decade — but that still makes for tens of thousands of dollars in returns, according to new data from national property database Attom Data solutions LLC.The gross profit on a typical home flip — the different between the median sale price and the median price paid by the investors — rose to $67,000 in the second quarter of 2021, up 2.4% from the $65,400 in the first quarter of 2021 and up 3.1% over the $65,000 seen in the second quarter of 2020, according to AttomBut that heightened gross profit translated into a 33.5% return on investment compared to the original acquisition price, down from 37.2% in the first quarter of 2021 and down from 40.6% during the second quarter of 2020.That puts it at a level last seen since in first quarter of 2011, when the housing market had yet to fully recover from the slump brought on by the Great Recession.

The location may take years to recover, or it may never recover.

The location may take years to recover, or it may never recover.

It will take you almost 25 years before you recover your cost (Cash upfront), and that's if all goes well and you don't have to add more for repairs, etc...

The location may take years to recover, or it may never recover.

OR we can finance it with cash (in the form of heloc or hard money), rehab it, and cash out re-fi at 75% LTV after 6 months with estimated ARV close to 450k , that will allow us to recover about 90% of total cash invested, we are leaning towards the cash route, but want to run in by the more experienced to make sure we are not missing anything.