Although the tenant initiated the payment on 12/31/2024, the funds didn’t reach your account until 1/6/2025, making it 2025 income.

With probate and prefreclosure it is particularly important how recent your leads list is to the actual initiation  of the probate and preforeclosure case/recording. 

This is a strategy that is used at the onset when the property gets purchased initially from the wholesaler.

Could seller finance (not recommended) to reduce initial burden and spread it out over time

If I have several options, I would prefer a HELOC with no initial draw requirements (i.e. to establish a literal line of credit that I have no specific short term plans to use), i.e. not something like the better.com HELOC. 

That means they have hauled in over $2.6MM just in initial setup fees.

As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.

The Fed’s cuts in 2024 initially moved mortgage rates downwards to their lowest level in nearly 20 months.

I don’t know how much initial equity but if your guess is right 10 cents on the dollar is about right. 

I have used it as simply an arbitrary number. 4033 LEWEIR ST, 38127 : https://docs.google.com/spreadsheets/d/1BCW5cMoX7TrWKk3BwJRQ...Offer Analysis I my initial offer was around 20-25k.