The lender does charge the flipper 4 points upfront, and the note represents 55% of the property’s ARV, so I’m not too worried about needing to foreclose if it comes to that.The lender uses his own capital for initial funding and then sells off the notes after that.

Back when I was in finance, we had a broker who was charging a family 2% for management fees on their cash that was only making 0.3% at the time.

This is usually done to increase your rental income but it comes with a price as you are finding out.  

I own a fourplex in McAllen, TX, and recently dealt with a major plumbing issue. A few days ago, one of the units experienced a toilet backup. The plumber determined that the issue was caused by someone driving over...

Great to see you getting into the Southeast rental market.Wishing you the best of luck.

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

The average rental is $1350 a month so you might be able to get someone in there at 1/2 price to manage the wedding venue.  

Hit them with charges after you have got everything you can from them. 

How much longer will it take for her to finish he cleaning and painting to her liking, while your losing rental income on the other unit by her essentially occupying 2 units?