@RICO BARNES If an owner redeems your tax lien after you start foreclosure, they have to reimburse your legal fees.

Private lenders often lend to reimburse the costs you incur, not front funding the renovation.  

But it sounds like I have to pay first and basically ask for a reimbursement?

When you have a cap ex replacement, you tap into those reserves and request reimbursement.  

there is nothing right or wrong here, it depends on business model.For me my contractor is like a family so I trust him completely, I just reimbursed what he bought for material immediately after he purchased at HD,etc.

Have a lawyer send them a letter ordering it removed under threat of suit, and then request (or take them to small claims court) reimbursement for the legal fees.3.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

I did have one seller who agreed to repair a roof, pay for it and then was reimbursed by the buyer at closing.But most of the time - that is not needed.

If they did a good job and they only want reimbursement for the material you got a good thing going.

Projected NOI = $493K, primary through 3% lower vacancy, income from Utility because the current rent is inclusive of utilities and the Sponsor do not want to include Utility in the new terms, and reduced operating expenses Potential gross rent = 1.1M, minus 7% vacancy & other cost, Net rent = $970K (80K increase) Other income = $42K Add income from water reimbursement and electricity: $134K ($134K increase)-------- Real Estate Taxes 108K Insurance 42K (40K cost decrease) Property Management + Asset management 45K General & Administrative 15K Marketing 10K Payroll and Payroll Taxes145K (65K cost decrease) Repairs and Maintenance 46K Contract Services47K Electricity 77K Utilities Water 64K (60K cost decrease) Utilities Gas 15KI found the Sponsor through a very close friend a mine, she works in PE industry and she is very well analytical and she invests.