An experienced agent would have worked with the seller to do the repairs before they sold, and captured the forced equity in the sale.

My partner and I are the creative investors that can guarantee we will put in the sweat equity to ensure a successful relationship. 

Once rented, refinance to pull out equity and repeat the process.

OH is an escrow state, so i would have your agent reach out to the escrow officer and let them know you are cancelling the escrow, and which contingency you are exercising (whether it be appraisal, loan, or otherwise)... and ask when you can expect your EMD back in full.

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

I'm not sure I can copy and paste my Excel spreadsheet, so i will approximate the numbers here.Strategy:Take a Home Equity Loan (second) on our primary @ 5%.Pay off existing HELOC (variable, at 7.5% now), use remainder ($120k) to buy the land (plus 30k of our own cash).

I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

Love to keep relator out of it, but may need realtor to find a next deal for me as a duplex up to 4 plex on VA loan/owner occupy.

We split mortgage and are both on the loan and title.