If tenants get locked out, again call a locksmith and have the tenant pay for it. 

You want to get a countersigned contract now with a closing date in February to lock it up.

So as to not rehash everything here again this week I'm going to lock this post as well because I do feel that the information that needs to be available to the public to make informed decisions is out there, and I don't want this to turn into trolling with no educational value to the community.

Also if they do accpet appilcations you need to have experience in BPO's and have all your ducks in a row to start listing, i.e. e&o insurance, licnese information vendors you are going to work with to change locks, trashout and property preservation.

I'm all ears and eager to learn as much as I can.Excited to start this journey and learn alongside this vibrant community!

As a Controller and CFO I would recommend you take action to lock down the accounts and value of these assets.  

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

If they think you can help them, they're all EARS!

Our counsel previously advised we are legally entitled to a greater amount including all lost rent until the home was re-signed, cost of lock-out, cost to clean up house, physical damage, ect.For context, this is a solid house in a decent neighborhood and we never had prior issues with the tenant. 

If anyone here has tried it, I’d love to hear more about their experience.Also, if anyone has suggestions for other platforms, we're all ears.