They had expensive hobbies, and would sell a unit to round up their cash needs sometimes.

My guess is they are ready for round 2.

I will include some rounded numbers below for context as well.Home Type: 3bd/1.5 bath Single family home w/studio (good location).

The option of time extension is not available, investors already have the max amount invested so cannot go round two, the lender doesn't allow mezzanine financing, seller financing is also unavailable.

It does well year-round as many activities are supported from this location from fly-fishing and Yellowstone National Park tours in the summer to skiing Big Sky Resort and cross country ski trails in the winter.

He has been fighting it for 5 years.Opened bankruptcy in 2018 to clear debt and hold off foreclosure...just was dismissed end of Feb.He says it needs 35k to get to 370k arv...I'll round that up to 55k.

This is what we do year-round and a great deal of us are very good at it. 

And that house hack then becomes the next round of your investing career as you already had a sale and tax free gain :)

Their profit margin is the difference between their HELOC rate, and the rate they are charging you (+ fees).Almost all HELOCs are adjustable rate mortgages, with their rates tied via a round-a-bout way to the federal funds rate (the thing that just dropped to 0%).

While there are people who can say that's never happened to them because they are just so perfect, most of us are just a bunch of dummies trying to get through to the next.Go learn to be a proper property manager and the first rounds on me.