Home365 has a really good *idea* but looks like they can’t execute.

This deal highlights our ability to execute fast transactions and maximize returns with minimal hold time, thanks to efficient teamwork and market insight.

Once they pay nonrefundable Holding Fee, we execute the lease.

If you want to claw back your original investment of $130K, that is fine and you can do that with this property or a different investment (whichever is faster).In your 13% return calculation, include predictable appreciation and principal pay down.Nice work starting this post and being transparent and vulnerable.

Consider hiring a property manager next time if not just because they have the tools and processes to reduce the risk of this and move quickly to execute on a problem.

If you know someone who can lend you the funds, they can act as the bank, and you repay them with interest once you execute your business plan.

It’s been quite a few years since I’ve executed a 1031 process & obviously I need to engage an RE JD with CPA CA experience.  

Two of them executed a cash-out refi.

Just have to get a game plan and execute.  

I recommend you check with an authoritative party to verify if you can or can not execute your wholesale deal in the manner you described legally.