The initial thoughts I have are... 1.

Is it still early termination due to initiation of 3rd lease renewal?  

Initially, I relied on county GIS to identify potential properties and acquired contracts via cold calls, which led to my first six deals.

The solution that was initially proposed was that friend/business partner would have his 25% equity split bought out of the funds that the 3 equity/capital partners are bringing to close and then he would take 25% of the backend profits.

I'll move to Nevada before that happens lol@Becca F. see link --> California Prohibit State Limitations on Local Rent Control Initiative (2024)It was proposed as Prop 10 back in 2018 but did not pass.

Quote from @Mavely Pazmino: Interested in thoughts/experiences with the initial purchase and the refi on a BRRRR in Akron.

Or at what point can I reach them to get past the initial hang up?

**Initial Guesstimates**: Before buying a property, bring several contractors in and let them know you’re looking for a guesstimate – just a ballpark figure.

Despite initially planning for renovations, severe foundation issues led us to pivot quickly.

Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.