Its possible that there is just some miscommunication with the lender and with the property preservation company they are using where they keep securing the property.

I'm not sure if you're working with a financial advisor but if you're retired, receiving 1099R income, maybe social security, plus income from other sources you definitely want to speak with an advisor.

I’m happy to assist you and your wife find a place and securing financing.

Through efficient negotiations, we secured the property for $162,000 on favorable terms.

I'll make a long story as short as possible:> House built in 2008, first owners used husbands VA loan to secure (220k loan), stopped paying HOA and bank shortly thereafter (current payoff 500k+). 

Efficient negotiations secured the property for $154,000 on favorable terms.

Through efficient negotiations, we secured the property for $155,000 on favorable terms.

Efficient negotiations secured the property for $120,000 on favorable terms.

Your goals need to align with whoever your potential investors are.I would schedule a call with a securities attorney, such as @Kim Lisa Taylor to walk through your structure, returns, and business plan, especially if this is your first syndication.There will be demand for your type of deal, especially investors who want a flight to quality in this part of the market cycleGino

Even retirees get raises to their Social Security and usually pensions as well.