If it’s verbal, they’ll need to document any prior communication or payment records to establish the relationship.If the PM is completely unresponsive, they may want to send a formal written demand for communication and payments via certified mail.

Is it still not recommended to invest in this negative cash flow property. 

I was looking to put 80k cash into then refi afterwards and possibly getting 130k. 130k on mortgage would be close to $800 only leaving $200 in cash flow each month. 

They all cash flow and are easy to manage (so far).

Generally, lenders will require you to have a substantial down payment.

It's amazing how cheap it can get when you're paying physical cash and having your contractor pick it up at the warehouse.

Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

Let’s break it down.Moving to Your Next HomeYour equity could help you cover the down payment for your next home.

Those are the only numbers that matter.I assume they're offering you Actual Cash Value when you're used to having Replacement Cost. 

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month.