The earlier you recognize this, the better off you will be in the long run Exactly this is the kind of borrower that is a freaking nightmare and I personally would not even engage or write them back..

That's the bigger question you guys need to answer providing you sitting on valuable equity or have the means to make the property function as a LTR.

Did you put it in writing for them to have it drain into the shower? 

There is likely a work around to claim some sort of something to get to the point of writing off the expenses but you might be hard pressed if you were to get an audit.

I could write a book on how misleading FICO scores can be down in C-class, and why.4.

And mortgages/debt is not always bad anyway (tax write-offs, etc)@Andrew Acosta you say how much you still owe, but not what your property is worth now.

I'm going to attend it and write it off as a business expense.

What are the common fears of investors who write checks to capital raisers? 

Everything is in writing & signed by tenant & landlord - no verbal promises  If they ask you to fix something, write up a work order on the spot or ask them to send you an email/text request (sneaky way to get proper email & phone #).  2.

There is "delayed financing" options where you can do this but its usually not same-day.However, what you are looking for is probably a hard money lender that does not require appraisals - this allows quick closes and functionally the same as cash offers (and pretty much what you appear to be looking for)