I added value to the deal by retaining the 3 long-term tenants on the upper level, providing immediate cash flow, while planning upgrades to their units to justify future rent increases.

I added value to the deal by retaining the 3 long-term tenants on the upper level, providing immediate cash flow, while planning upgrades to their units to justify future rent increases.

I added value to the deal by retaining the 3 long-term tenants on the upper level, providing immediate cash flow, while planning upgrades to their units to justify future rent increases.

I added value to the deal by retaining the 3 long-term tenants on the upper level, providing immediate cash flow, while planning upgrades to their units to justify future rent increases.

My payoff was then added to the sellers side, I’d be paid back at the time of closing and seller and buyer then would take 2nd position from seller finance and my payoff on sellers side should have been wired back to me.Never disclosing another lien on the seller side and nothing in the HUD, we theoretically had no concerns.

Quote from @Stephanie Cruz: This is the first post I clicked on this forum and I felt called out, so I added a photo and a bio.

I've been focusing on residentials and hoping to use the proceeds from there as extra income to invest more.

After some research, I'm thinking it would be a good opportunity to proceed with the offer and to set aside the "free" money for use for repairs/renovations and holding costs to have some extra cushion.There seems to be much debate on the use of credit cards in real estate investing, but considering my circumstances .. 1.  

But I will say I am and going to be extra conservative going forward.

Tons of violations and the fines are adding up.