The rehab was complete, and we were ready to refinance when disaster struck—a car crashed into the property the week we were scheduled to refinance.

I am hopeful the next scheduled distribution arrives but hope is all I have at this point.

Class of 2000 here, and take a look at the basketball schedule with the Aggie top 15 basket ball team.  

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

It just shows up on your schedule e like a regular property.Other benefits are: limited liability/asset protection, reasonable minimum investment ($100k usually).Note that these do have risks just like any real estate and they are only available to accredited investors.

But I know the best way to keep discipline is with clearly spelled out rules, on paper and signed.  

Related, you will want a contractor who is used to doing projects like this on schedule and on budget.

Solution: You are not going to like what I am going to say here, but it really comes down to your self-discipline, which is why this is probably the hardest aspect of achieving your goals.

I'm also working on upgrades for THE MTR Connect - better scheduling, automations, guest speakers, social media - all to help promote the collaborative and supportive space my colleague @Jamie Banks and I have created.

.: It's not an issue IF their lease is scheduled to expire.My personal practice: when a tenant submits an application, I let them know I intend to contact their former landlords.