Aside from a couple texts and emails, my tenant has ignored all attempts at communication even though I offered to work out a rent deferral or reduction plan at the beginning of the pandemic if needed. 

The much larger group 1 is the people who are naive and due to their lack of knowledge, experience, and possibly limited capacity, get “suckered” by the scammers.The smaller group 2 are those that understand but don’t care if they’re part of an unethical undertaking as long as they make money themselves.  

@Ximei Yue,You mention that your job is demanding—do you think you’ll have the capacity to handle a time-intensive BRRRR project on top of that?

Has anyone ever had that work out on here?

One option is to pay down any existing debts (credit cards, car loans, etc.) to free up income capacity.

And hey, if it doesn’t work out, maybe I’ll owe you a coffee next time you’re passing through Omaha.

If things work out with this 2nd company, and I have one operating rental in place of two empty lots in North Port, I'll be happy(ish). ya I built 3 up in the Ocala area took way longer but they got done and we did make a very small profit on them but I count that as being very fortunate.

You can work limited hours in so many different capacities that you want to keep that for longer than you think to keep supplementing more options.

Hopefully it will work out to make it down there at some point. 

I wanted to share some advice and answer the questions you posted from my own experience being in RE in different capacities for over 12 years:Have any of you been in a similar situation where multiple partners were involved?