Once you evict them and are ready to rehab, you have various loan options to cover the renovations costs and pull out equity.4.

NW covers a broad range of neighborhoods.

Time to close, cost of capital, & their requirements - there's a few that cover detroit & will lend up to 75% of ARV, 90% of purchase price + 100% of rehab costs

The plan is to provide the tenant with their own stackable laundry in their unit and offer the shed for storage.Is there a legal timeline needed to give such notice or is issuing a new lease best /covers all bases?

Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas. 

This can easily happen when the person valuing the property does not account for differences in the subject property and those chosen as comparables.   

They can cover up to 90% of the purchase price and 100% of rehab costs, making them ideal for BRRRR projects[1].

So feel free to read my posts on the subject and contact me if you need any further help.Most importantly, Mexicans, Dominicans and Latinos from other countries, you're all awesome!

Now, if the loan is non-performing and has not been paid and there is no longer such a relationship with that customer, there could be sales to anyone willing to buy them, such as an auction, but the borrower is made aware of this as well, if notice can be given.I'm also speaking of a bank loan, not a secondary market loan that was sold and securitized as Dion covered.

@Nathan Frost lot to cover, please DM to schedule chat!