GP would still recover from all of these, they can raise new fund, create new company or even create new hype (like Adam's Neuman wework dotcom).Ok....

Adam

Hey Adam, This is a great topic and caught my eye as I recently joined BP and posted this very scenario in my first post/member intro.

Quote from @Adam Bartomeo: I would NOT just let them out of the lease... turnover is going to be your biggest expense.

One, was adamant that it was a bad idea because it would create an equitable interest for the tenant and if they defaulted, we would have to go through a judicial foreclosure, and then evict which could take 12+ monthsThe other lawyer, said it was no big deal and the amount we received was not enough money to establish interest in the property.

Quote from @Casey Adams: Quote from @Sharma Parth: Hi guys - would love any feedback on the below numbers I am crunching on a potential BRRRR deal.The plan is to hold on to the property, rehab it, rent it, and then do a cash-out refinance.

I'll foot stomp the trust piece mentioned by @Adam Bartomeo. 

Adam,I hear that statment a lot but the key component of this REI game is once you have your mortgage paid down. 

@Adam Marx what are you intentions with the property?

I agree with Adam- a lot of expanding PM is through word of mouth and by recommendations.