It might be grounds for termination of the lease.Personally if I saw the condition was that bad I would try to negotiate an early lease termination.

. $70k is quite a lot where things could go bad imo.But to comment on the other thing:> on the first - maybe. it does seem like you have good experience. but your numbers on it as a BRRRR are overly optimistic. you'll have to pay points at closing for the loan; you'll have holding costs while you rehab; it's difficult to get an 80% refinance; and refinances aren't free either. so you've left tens of thousands of dollars in costs out.So, we have already talked with the hard-money/bridge lender about all associated fees (1.5% origination, $2500 closing), they are included above.

Hey @Dan DeGroffBuying as an investment property with a 0.75-1.0% higher interest rate and needing to put a minimum of 20% down (its actually 15% but the rates are so much worse at 15% that its not really an suitable option) when the home would actually be your primary residence is brutal.Partership are a bad idea 80-90% of the time, but could work out in some scenarios.

Are these terms typical for cell tower leases or are they as bad as I think?

You just get used to it and hope next year won't be as bad as this year.

While cash flow is $300 a month (which isn't bad as I assume it has a mortgage), where you will make your money is when you sell through appreciation.

Portfolio loans might save you on the fees since it will be treated as 1 loan instead of several, however as others noted many lenders will not allow partial releases.

Don't buy a bad deal.Networking Opportunities: The EdmontonReal Estate Investors Association and the Mogul Mastermind are my go-to monthly meet-ups in Edmonton.

(whatever it is you use).Some people borrow against their personal residence with a HELOCK for this needed cash, but I've seen those go bad in several instances, and the results were not very pleasant for the borrower.In many instances working a second job can allow you to set aside cash, or you might inherit it, or find a cash filled partner.But the bottom line is, initially your success is measured by how much cash you have to invest.And be careful of Hyperbole.Good Luck!

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.