I find myself looking for subcontractors that do very good work, but for cheaper prices, which requires more management from me.I personally feel like there’s a lot of money being left on the table when you pass up an investment opportunity because it falls slightly below the 70% rule.Now if you’re getting construction bids done at $12 - $20 per square feet like J and others do, then I’m sure you can go below the 70% rule (by the way how in the world can I get to those numbers for rehab bids!?!?

I believe this is where these investors leave money on the table by choosing to play it safe.

I believe this is where these investors leave money on the table by choosing to play it safe.

I believe this is where these investors leave money on the table by choosing to play it safe.

I believe this is where these investors leave money on the table by choosing to play it safe.

Now I'm just trying to figure out the best recourse I have since selling is off the table since I would only be losing money, lol.

Personally, I would take the appreciation gains off the table while you have the chance. 

In the past, I've stayed away from partnerships because I have seen them go sour, however, I feel good about the current prospect and can see the value he brings to the table. 

What if I could give you your equity, what you would leave the closing table with anyway, in exchange for your leaving your loan in place for a short period of time? 

He has no interest in sitting on market and wants to get out of the mortgage asap to free up the payment when he gets where he's going.I think the correct action is to offer and explain a quit claim deed, and ensure he fully understands that hes leaving a fair amount of money on the table.