As a property owner you have considerably more safeguards in place with a triple net lease where a management company has skin in the game vs a simple rental agreement.

If you have the 50k you can maybe even use that to partner up with an experienced flipper and put some of that money in the deal as many want you to also have some skin in the game.

You will notice that they only fund less than 70% of ARV and the borrowers have skin in the game.

SAD BITW nobody is giving a dime without YOU having skin in the game, 

Its important to set boundaries, be professional and not let people get under your skin.

The minute they run into difficulty they give up or just start whining.

I would wait a while to get them at a discount but with condos, it always feels like a gamble because of future assessments, fee increases and difficulty getting a tenant approved in a timely manner.

I don’t know why they had difficulty, but this is business, and that’s why I didn’t renew their lease.Thank you for your response.

@Anna Sarvis, I understand the property they were first looking at is likely no longer available (likely because houses fall out of contract all the time).There are a lot of ways to skin this cat.  

Quote from @Jackson Ebersole: Hi Laura,I'm sorry to hear you've been having difficulty finding funding.