I gave her some runway to get her finances in order and although she can be a bit of a squeaky wheel, she pays on time for the past 2 months.As the person is still paying, I would just stay on them about the late payments, collect the late fees and inspect the property to be sure they're not damaging the inside.

I would not call this a DIY job, personally.

Thanks a lot for the replies @Chris Mason and @Gregory SchwartzOur lender said we can do a bridge loan but its around 11%.. id bring in 20% downpayment max, dont want to put too much personal assets into it and the issue is for yr1 w low rents and renovations its def a monthly -3-4k loss. def want an 8% or lower rateNot sure if lenders are ok with an initial cashflow loss, once its renovated we can have market rents and its a great deal after. it listed at 1.495M and we'd offer 1.2-1.25M. i understand the living in part doesnt necessarily bide well with investment focus, but for us thats a big appeal that its in a nice area to even live in

Philadelphia is a city of neighborhoods where each has its own personality and values.

It’s not unusual for a lease to end a week earlier than a typical monthly cycle, as this can accommodate a tenant's personal schedule or preferences.

Can anyone share from personal experience working with any of these guys?

As an update, I am getting a local foundation person out there and will update here with any findings.

This does happen a lot in my area and if the person is licensed and follows the rules of everything on the transaction, you should be good to go!  

If you don't, the next seller (ie the person buying your flip) will have an inspection done and then ask for $ to cover a new septic. 

Bridge debt has killed a lot of operators, and trying  to extend while praying for rates to drop,, while the 10 yr went up.I personally think it's a great time to get in.