If I don't want the stress of RE I'm just going to buy index funds/stocks/bonds - much easier to liquidate than getting back my money in a syndication that's not doing well.  

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

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.

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

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

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.

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.  

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

We're spending so much money...this better work feeling."

Well worth the money.