I start by telling them we have a lot of money tied up in the property, and we've been burned by folks that wanted us to believe the best of them.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

This is a good opportunity in a strong market, and with your excellent credit and HELOC funds, you’re in a great position to make this project happen.

Letting Go for Your Bottom Line: A Lesson for Real Estate InvestorsHey BiggerPockets Community,If you’re a real estate investor, whether you own rental properties, flip houses, or manage syndications, there’s a critical lesson that could boost your bottom line: Letting Go.Many of us get into real estate because we want control over our financial future.

So having a borrower sign a deed in lieu AS A CONDITION FOR MAKIMG A LOAN is not going to stand legal challenge.  

I am trusting you have it set up with a service. 

I'm a licensed broker here in Ma.

I mean I did a ton of foreclosure rescue in my day so ia m not trying to be a hypocrite . 

Be mindful of a gift tax implications if you sell a house for less than FMV.Also be mindful of transactions between related parties when selling at a loss.

With expiration, there is a maximum CAP for the area so new license applications would be subject to a wait list.