I lost another $1000 in inspection fees but should get back $2000 earnest money deposit.

Quote from @Chris Seveney: Over the past quarter, I have seen around $1B in defaulted fix and flip loans - many of these from new lenders since 2020 and more of a "tech platform".As we all know, the intersection of tech and real estate investing has brought incredible innovation, especially in hard money lending.

I'm considering using hard money lenders or DSCR loans, but it seems like DSCR would be a bit complex.

But if I sell it and put that money in the stock market and earn let’s say 8% I would make $40,000 on the same money.  

Structuring Financing for Volume-Based InvestingTraditional financing methods like hard money loans work well for single properties but can be less efficient when you're scaling up.

If its four months from now, then explain to him he's going to be evicted, will have a record, and it will go to collections for all court costs and rent money owed, to the penny.

Many of them sell the course at 20k a pop and that is how they “make money in real estate†Sad but true.

Unless you are talking serious money, which I would say is 2k or more in excess taxes, it may not be worth your effort.

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

First of all, do not take any money out of the business, because you will need it.