For those who invest here, it has been tough sledding since 2023, and much more challenging since the onset of 2024.   

I'm not underestimating the work and unique set of challenges that come with it by any means.

@Michael Challenger I scraped all the cash I could find and borrowed from family.

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

Hi Kris,It sounds like you’ve got a great property under contract with a solid entry price, and the only challenge is the interest rate of 7.125%.

You can find decent SFHs in the $150k-$180k range that can cash flow if you buy right.The challenges?

I’m really interested in learning more about your experience.I’m curious about the potential downsides and challenges you’ve encountered with this system, especially when it comes to picking neighborhoods.

Arbitrage is one of the most challenging models to accomplish nowadays.

Sounds like a challenging situation all around I would  not cancel the deal, but if he dies and it goes to the estate and probate you may want to start looking for something else just in case...Best of luck. ...