bought property in March 2017 - put 20% down150,000 downmortgage 375,000 interest rate 8.25% 2/1 ARMseller misstated financials - thought they were actuals but were performaswhen got into the property was expect 7800 in rent but wasn't the case 2 tenants had gave notice - both were TRA (temporary relief assistance) day of closingGuaranteed for 6 months instead of a yearHad 6 TRA tenantseach were paying 1550 per monthflooded entire basement - Repairs Complete1175 (2 rentals) newly renovatedOriginal list price was 1350 but dropped down to 1175 (stayed on market for 69 days) - 2 rentals3 other individuals were phasing out of TRA - 1 stayed (1175) - no evictions from November - Januarylost $15,000 from 2 evictionsbrand new roof 2017Mortgage payment: 4200 per month mortgage and PMI taxes and insurance includedNationstar - amortized commercial property for 30 years - 30 year mark fully paid off 29 years left on mortgage -after 2nd year variable interest rate (max cap is 10 1% max for year 2/1 ARM)( 3 Months Behind on Mortgage)all 6 are there 1 is moving out on the 30th Apartment 3Lonly 1 left on TRA (court last Tuesday) - was going to be evicted lives for 3 months - gave TRA voucher for 3 monthsNeeds to pay $18,000 backpay for mortgage companyFebruary 1st $4,200Needs about $25,000 and some reserve to handle certain thingsBuilding pays for itself - Total is $7100 - mortgage $4200 - cashflow $2900has a partner and he lives over seas - he wants his money backbought at 500,000 March 2017Appraisal: 600,0000.70 = $420,000 Cash out Refi MaxBalance is $373,000 on mortgage $1600 to renovate the unit - Used Security Deposits for Renovationsno reserves in the bankNeeds full $18,000 —back 3 months in Mortgage—Once February is collected will be $1,000 shortTenants - all separate utilitiesPay only $100 for lights in hallway - all baseboard heating - bring own AC unit for windowsRenovated 4 of the 6 unitsNEEDS: $142,000 needed to pay off investor - wants 12% return (until he is off the loan) per year he is on the loanhe already received $8,000 OWES him $10,000 $142,000 + $10,000 = TOTAL: $152,000Back pay on Mortgage $18,000TOTAL $170,000$2900 cashflow monthly Owner wants $900 cashflow monthly out of $2900Any suggestions would be appreciated on how to structure this deal in order to benefit the seller, as well as myself.Lease options?

Originally posted by @Justin Schaefer:I suppose that's probably the best win-win option that the bank is offering, from a list of kinda crappy options, where the customer gets temporary relief and they don't end up losing too much money. 

I've applied, this article also states that sole proprietorships can apply: https://www.reuters.com/article/us-health-cornavirus-usa-airbnb/airbnb-says-u-s-coronavirus-stimulus-bill-could-offer-its-hosts-some-relief-idUSKBN21D09N

Maybe this way it would entice the other partner to buy them out so that if they're in a bad situation, they can get what ever relief is necessary.

This to me looks like some "Don't give a (you know what)" work, and some attempted problem solving (on the fly) by a workman on some very expensive windows.Re things like the relief cuts, IMO GC should have contacted you with a heads up, we have a problem here and this is how we intend to solve it (relief cuts) vs just cutting and letting you discover it.If this were mine, I would not be pleased with this workmanship, the moldings floating in thin air, (no immediate phone call re "Sir one of the (expensive) window frames cracked during install" etc...Maybe this level of workmanship passes muster for homeowners in your area (???)

You probably won't be able to buy the rate down far enough to give you any kind of significant relief on your monthly payment. 

The virus cannot live in heat, therefore; areas of the country that get very warm should be the first to see relief.

(NAR sought relief from the prohibition against balloon mortgages.)The financing has a fixed interest rate or an adjustable interest rate.

I took a big sigh of relief after reading your response and checking out your rental online. 

- you will get a huge tax relief in one year.