My bigger concern would be around your disclosures to your lenders… usually you have to disclose your financial situation to your lender and if you have this huge outstanding obligation it would seem like somewhere you would be obligated to disclose this to them.  

Sage is an outstanding product that is relatively cheap and flexible, if you have a significant portfolio.

I don't know anyone as a consultant personally, but an outstanding resource is PM Build with Marc Cunningham.

My experiences have been outstanding because I know what Im doing.

If they paid 2 months of rent, I would record it as them paying July and August rent (September still being outstanding). 

After the upgrades, we successfully sold it for $212,000 on 8/8/2024, showcasing our ability to turn properties into high-value investments and deliver outstanding returns.

Instead of extra mortgage payments, I only pay interest on the outstanding balance and I can make additional principal payments while still having instant access to the funds if needed.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.

When we stopped finding good deals about 5 or 6 years ago, we just started throwing every penny into paying down the principal across our fleet (paying off higher interest rates first, obviously).Looking back, we probably should have invested that money in the stock market because our interest payments were about 4 or 5%, and we could have doubled that with fairly safe stocks, but that's water under the bridge I guess. 

@Kyle Collette I would love for you to DM me as he has 2 large outstanding notes to me as well.