The purchase price was 845k and the rehab was going to come out to 380k with an ARV of 2M.During the process, our contractor unfortunately took our deposits and did not complete the job.

But the unfortunate lack of planning does help showcase the validity of proactive planning.

these are facts and circumstance cases.. did the contract have a mandatory mediation then arbitration clause or do you have to go straight to the court system.either way if seller does not cooperate your going to spend some months flushing this out.

This is highly likely to get ugly - one of the occupants will hopefully move out on their own, unfortunately, it's highly likely one will stay.Sooner you hire an attorney the better, but not smoother, this will go.WHy haven't you reported the OD to the "guest's" pobation officer or warn the guest you will to force them out?

They can help you structure your budget and provide more precise estimates based on your specific circumstances.

That benefits them but not you because tenants will not hesitate to break a lease if their circumstances change, while it makes it harder for you to remove them if they become a problem.

Yes, unfortunately I'm just now being able to file 2022 returns.

It’s seen in every industry in every trade unfortunately.  

Agreed mate,43606 is mostly rough and 43610 and 43620 is hit/miss.Put In Bay has a total of 7 houses hahaBowling Green quite expensive and only 1 target tenant and they are students...Online stats/demographics are one thing, real life and on-ground experience is another.As an investor you are limited if your decisions are based on solely online research.Had an investor that bought 6 properties from us ages ago and was using some weird online algorithm and plugging every deal I sent him through RentFax (I easily send 30 or so deals for consideration).I advised against this strategy but it is what it is.Didn't work out for him unfortunately and he decided to sell.Maybe I should get him to post a thread and throw us under the bus.It's always our fault, right?

@Rachel Payton, unfortunately I think the answer is that you don't start.