What starts out crazy, ends crazier...Got a whole lot of folks (they're not buyers) hovering over your property on a wing and prayer that they don't have to close. 

Seller financing, subject-to deals (taking over the seller’s mortgage), or lease options can create terms that work for both parties.

That alone can kill a deal due to over the Max DTI limit.A cash out refinance is tax free and its an immediate liquid reserve so it can be used as an Asset or PITI reserves.

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.

Over the years, I’ve seen how a tight knit community sometimes means less competition and more welcoming neighbors.

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

I Would absolutely do it all over again.

I have bought 3 properties there with other investors over the past 2 years. 

Well over the majority of investors have had a tenant default.

You might suggest that once they get their money back, you split the first $100k (or whatever number makes sense in your deal) 25/75 where you get 25%, then anything over $100k, you split 50/50.