What if the original owner pays their debt and reclaims the property?

Originally posted by @Jason D.

Originally posted by @Peter T.

Originally posted by @Jordan Delacruz:Wassup guys.

Originally bought to relocate to.How did you find this deal and how did you negotiate it?

Hi Carlo, I have been originating private money and commercial notes for close to 10 years. 

You can turn always turn the home into a rental but at origination, your intent must be to live there within 60 days.A twist a lender can answer: The service member will be living there in 6 months but the spouse and kids can go early.

Additionally, your response seems 'cut & pasted' as you bring up things, which have nothing to do with my original post. 

@John CavaI missed a key point of your original question, but it goes back to discussing valuation with your custodian.You will value the property to get the new value.The IRA at this time will own 90%, so the valuation the custodian cares about is that 90%. 

If your current floor was peel & stick, you could easily use a hair dryer to soften the adhesive of the damaged tiles, lift them up and drop in new replacement tiles.