Explain how the ex bf had already contacted you about deposit money being returned.

Very wealthy awesome people and they really like me......SOOO i explain the situation and they see my track record and BOOM I borrow 80k @ 10% APR interest only payments for 12 months with NO EARLY PAY OFF PENALTY (bless them) and i fix up the house and get a renter in there.

Very well explained, I appreciate you taking the time to lay it all out!

I am talking to a lawyer to outline our plan tomorrow so we execute legally, but there doesn't seem to be any information available explaining how people are pulling this off.

The best ones come with videos explaining how to use the spreadsheet.

Have they been proactive and explaining the delays?

With my limited experience explained, here's the situation.I have ear marked a good amount to start real estate investing.

The way that you explained this makes it very clear for me.

You will want to ensure the ones you have on the ground are trustworthy and explaining exactly what it is you are about to get into.

When I buy properties with way under market tenants, I have a "bad news bear" letter that I send out which introduces us, explains the current situation and tells tenants what the current market rates are, and for tenants not under leases, when and how much the rent will increase.