Why did the HML make the loan if he couldn’t initially perform?

While our initial down payment was modest, our loan to value is estimated at 71% based on current home value.

This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)

But the seller simply goes to a different title company and closes with them and leaves your contract and EM setting at the original title company. and after some months that title company will want some resolution to the dead file and if nothing is done they will inter plead the EM to the court for disposition.

Initial plan was house hack.

You raise money at a fixed interest rate, when the investor's get their return any profits on top are yours, and then when the investor get's their initial investment back it's all yours. 

However, my initial thoughts on this scenario are around risk management.

I was initially looking to buy a turnkey property but I have since found a partner who is interested in value adds and has experience.

I wish I had kept track of my initial costs to fully stock my units.

Upload the lease into the tool, and insert initial and signature blocks in place.4.