Although the list may seem intensive, I look at it like this: The total cost of all these items can be much lower than the cost to repair a hidden surprise after purchasing a property to flip. 

I do have some investment experience and I'm currently managing 1 property, all the numbers are great and there's a good amount of cash flow and long term growth so I'm not a total green horn. 

Typically lenders will use the total rent being collect or the market rent given on your appraisal, which ever is lower.

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

That's two months of lost rent and utilities ($5,600) plus $2,000 in cleaning/repairs for a total loss of $7,600.

I would suggest getting Dave Ramsey's book called The Total Money Makeover and read that.

Grocapitus expects to have a total of six profitable exits this year, and expects to make investors about 38% IRR on those six exits.

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I hope the investors are able to recover at least some of their investment; but truth be told this has the feel of a total debacle.