One requirement for this loan product is that the rehab must be completed by a licensed and insured contractor approved by the lender.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I don’t have any legal advice, but maybe some helpful perspective.When we return security deposits, we write the check to all tenants on the lease, such as “Tenant A or Tenant B”.

I was approved by three of their recommended lenders over the year, and, like the first two, the third one is not working with them anymore. 

Louis Housing Authority or tips for streamlining the inspection and approval process?

Quote from @Cheryl Abram: What legal filed docs are LPs entitled to see to help validate a deal's failure?

The builders loan couldn't approve us for the amount we need to get, but we had a loan broker find a loan for 10% down DSCR with a 2nd home status instead of investment home.

An LLC is useful for two things: anonymity and legal protection.

They said did not need their approval to turn their money over to new GP's but we will let you vote anyway.

Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.