Some options we're considering are:1) Letting her break the lease and we:a) Find someone else to move in before doing renos.b) Do renos, and raise rent (though before X-mas is a bad time to get renos done).c) Find someone to rent it for a fixed term lease before doing renos.d) Furnish it, and make it available for medium-term rentals (I'm an ex-circus performer, and wanted to provide cheaper than Airbnb medium stay housing to traveling circus professionals). 2) She can lease transfer.

If your friend doesn't manage the first round of funds well and pay with no issues then you can simply stop the next round of funding and not take as big of a loss.Business is business regardless of the friendship and if anyone is trying to get money from you without a written business agreement and security I wouldn't call that person a friend at all but trying to take advantage.No legal advice.   

One is that I live in a very small town and detached from some of the "clubs" and other opportunities to get to know other investors, and Secondly I read that, as in any relationship, it's important to give to the other person as opposed to always taking.

So in summary, assume this is the new norm and if it ever goes down, consider it an early x-mas. 

In other words, you could end up recording the wrong person as the payer/payee. 

I had one in your neck of the woods I rarely will engage a wholesaler as I get bombarded by them to be on their buyers lists. but this particular one in Charleston SC.. had a property in the area I am building new homes.. so that one I would go for.we agreed on 200k its was a tear down.. so 215k for the lot.. basically.and since most wholesalers never know the state of title I have my person ( a local broker check quickly) they come up with an option to buy it for 100k..

@Alan M. As

@Yonah Weiss my degree was in Broadcast lolI think it’s helped me with my social media persona and just being comfortable in front of the camera.

@John M. As

Am afraid your lease was not descriptive enough and may have a tough time in court.Take this as a lessons learned and start working on improving your lease from the things you are seeing with current tenants and then wait it out if you can, which you seem to indicate you can do.Even with a very tight lease, I paid close to $3000 in evictions not to mention the heartache from tenants that I inherited on my first duplex purchase where I lived on one side and rented the other.I will never again inherit tenants.These ones moved in an extra person a year and a half in, despite lease saying not to, smoked marijuana and cigarettes in house despite lease saying not to and worse, I lived on property so they became very sneaky about how they broke their lease and these was just a nightmare.I hate evictions, but I equally hate bad tenants and tenants that I have not personally screened and that is why I refuse to take on tenants at property purchase.I also always, always do unit inspections.I just did one yesterday and glad I did, which I had initially decided I would not do, but nope, get in there and see how your property is being maintained.My fairly new tenant seems to have an issue with basic housekeeping.There was a smell in the unit, which I still cannot figure out what it is, but brought it to their attention and will be following up, he has a car that leaks oil endlessly on my newly resurfaced concrete driveway and garage flow, has a ring in toilet bowl that is also stained and smelling toilet from lack of cleaning.It pains me to see a unit that I took great care of when I lived in it to see what it is quickly turning into but I am nipping that in the butt right now.Dirty tenants can be a liability to any landlord, but overall tenants will try to test you and see just how vigilant you are and how much they can get away with.I also make notes on what I want to update on my next lease when I run into issues.Pets?