What if the worker partner decides that physical labor and being outside in the cold is more valuable than your managing the project from your comfortable office and begins resenting you or money guy?

Total value of the duplex after running the numbers was $75k owner wants $89k.I also told him I would back up my $75k with cash after I do a physical inspection, if this place is as nice inside as he said it was.If he gets the owner to go at $75k I will have the first shot at this one.The SFH, Ughh, has mold on the first 4' of the entire finished basement, needs a complete tear off roof, and a lot of siding repair.

If she is getting tenants in, they should be coming up with new deposits as well, so those can be set aside.She can also provide a note for the 6K, it would be easier to seek damages from a defaulted note than physical damages to RE.

Are you physically going to go over and do the rehab, or hire contractors?

The money is secondary to the emotional, physical, or other driver that creates the NEED to sell.

This is even true when we have forced significant equity into the property - both through physical improvements and operational / fiscal improvements.

After the property is taken as collateral it becomes "other real estate owned" or "real estate owned" (ORE/REO) which is apart from bank owned property that is the physical bank properties, main and branches.

I spent the next 8 months in short term care, and physical therapy.

You are a risk to the project physically, and to both of your success if you are on the jobsite (bringing it in on time).

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