Hey I am an agent in Salt Lake, if you haven't already run comps feel free to reach out and I can send them over to you.

You make a go of it, but a year later you run out of money. 

They stopped paying the lender and wanted to work something out with the lender but the time is running out (ie the management company did not do any significant improvement during the forbearance period) One of the LP just emailed me and said we need to raise 65k to enlist help from this company.

This would be from the same carpet company I used when I fixed up the house, so not trying to gouge them or anything.I'm looking for some guidance in this situation, pitfalls I could run into, or just straight up illegality.

$25k is only 4.16% of your new purchase price, heck of a deal.Thank you for your service and let me know if you want to talk any more details and run actual numbers based on your situation.

Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?

Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert. 

We have an amazing realtor who helped us find the property and helped us run numbers on possible ARV, @KiKi Wood. 

My partner is also a project manager, so we are relatively confident we can run a successful renovation remotely from Long Island.Jaycee - There are not a lot of pictures or other informative metrics for me to 100% say yes.

If you are getting a good deal on a place and it is just a regular-style house, I would run numbers compared to AirDNA and Mashvisor's estimated revenue.